China SAFE: Needs to assess impact on China's cross-border capital flows from trade frictions

Dhwani Mehta FXStreet

Reuters reports comments from China's fx regulator, the State Administration of Foreign Exchange (SAFE), with the key headlines found below.

Needs to assess the impact on China's cross-border capital flows from trade frictions.

China's forex reserves ample, able to cope with challenges.

China has enriched policy tools for forex management.

China is able to keep forex markets generally stable.

China unlikely to see sustained, large current account deficit.

Will improve macro-prudential, counter-cyclical measures on forex management.

China-US interest spread to impact cross-border flows.

China's economic fundamentals remain sound, offer high returns for foreign investors.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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