Comments out from a forex administration official via MNI earlier says that exports should improve this year against 2013 and that the current account surplus will remain low in future. They will also look to avoid abnormal capital flows that come of US QE exit.
China’s bank regulator, the CBRC also popped up on Reuters a little earlier too and announced that they will be relaxing the calculations for the loan to deposit ratio from tomorrow in an effort to release more cash into the system to support the real economy. These details came from Caixin news website and supposedly ahead of the official embargoed news release.
Naughty naughty.