Current account data earlier from China:

  • Q2 current account surplus of $73 bln
  • Q2 capital and financial account deficit of $40.6 bln
  • With thanks to Reuters for the data

Commentary from SAFE now (via Bloomberg this time):

  • Expects emerging economies growth to slow in 2h
  • Expects US economy to expand moderately in 2h
  • China to improve cross-border capital flow monitoring
  • China to deepen reforms in key forex mgmt area
  • China to see capital, financial account deficit in 2h
  • China current account surplus to continue in 2h

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SAFE is the State Administration of Foreign Exchange