Comments from China's National Bureau of Statistics on the yuan, capital flows and Federal Reserve!
- Federal Reserve rate hike expectations, yuan inclusion in IMF SDR basket to add to more volatility in yuan FX rate
- China experiencing more cross-border capital flows, will have larger impact on balance of payments
- China trying to find balance between stable yuan, monetary policy adjustments, capital flows
- Will closely watch capital flows, Fed's policy decisions
Headlines via Reuters
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Note - we're still waiting on forex reserves data from China today
