Free Trial
CHINA PRESS

China Should Act Early To Avoid Balance Sheet Recession

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

China's Resilient Balance Of Payments Support Yuan Stability

CHINA PRESS

China’s current account will maintain a reasonably sized surplus and the resilience of the balance of payments will support the stability of the yuan and the foreign exchange market, the Securities Daily reported citing Wang Chunying, deputy director of the State Administration of Foreign Exchange. China’s current account surplus was USD166.4 billion in H1, a rise of 43% y/y, while the direct investment surplus was USD74 billion. Together they delivered a 3% year-on-year increase to relatively high historic levels, the newspaper said. The Chinese market will continue to attract foreign investment, while the stable returns and investment value of yuan assets remain attractive in the long run, the newspaper said citing Wang.

112 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

China’s current account will maintain a reasonably sized surplus and the resilience of the balance of payments will support the stability of the yuan and the foreign exchange market, the Securities Daily reported citing Wang Chunying, deputy director of the State Administration of Foreign Exchange. China’s current account surplus was USD166.4 billion in H1, a rise of 43% y/y, while the direct investment surplus was USD74 billion. Together they delivered a 3% year-on-year increase to relatively high historic levels, the newspaper said. The Chinese market will continue to attract foreign investment, while the stable returns and investment value of yuan assets remain attractive in the long run, the newspaper said citing Wang.