China's FX Outflows Not Showing Any Signs Of Slowing: DBMani
Despite initiating macro-prudential measures, China's FX outflows have yet to show signs of abating, as analysts at Deutsche Bank believe they could be nearly $110 billion last month, which is similar to December. Perry Kojodjojo and Mallika Sachdeva highlight in their Feb. 26 research note titled “RMB: Rough seas ahead” that Chinese corporates are also actively trimming their FX liabilities with foreign banks.
China's FX outflows could be driven by corporate activities
Taking a closer . . .
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