Free Trial

Credit Suisse suggest that "the recent........>

CHINA
CHINA: Credit Suisse suggest that "the recent depreciation of the CNY has raised
questions about its impact on China's external debt. However, our analysis
suggests that China's liabilities are just too small relative to its economy and
FX reserves to threaten macro stability. It is important to remember that China
is still a large net international creditor. China's net international
investment position is a net asset position of $1.6tn, about 14% of GDP. We
estimate that China will run a current account surplus of about 0.7% - 1.0% of
GDP so it will remain a net creditor on the margin."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.