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China capital account still stable

June 8, 2018 - 00:04 -- Admin

Via Capital Economics: Capital outflows remain muted despite broader EM selloff • The latest foreign exchange reserves data are consistent with very little PBOC action in the FX markets. This suggests that the recent resilience of the renminbi relative to other EM currencies reflects confidence in China’s economy and ability to manage its exchange rate

The post China capital account still stable appeared first on MacroBusiness.

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