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Wei Yao, China Economist at Societe Generale discusses about the RMB and the capital outflows in China

02/03/2016

In an article published on AsiaOne Business website, Wei Yao, China Economist at Societe Generale discusses about the RMB and the capital outflows in China

"The timing (of the RRR cut) has everything to do with the fact that the renminbi is stabilizing and capital outflows seem to be easing for now. The PBOC admitted in January that RRR cuts were not preferred then because they could add to depreciation pressure on the renminbi. So the subtext of today's cut is, first and foremost, that the PBOC is less worried about the currency and capital outflows now than just a month ago,"
Wei Yao, China Economist at Societe Generale

To read the article, please visit: www.asiaone.com

China Economist Societe Generale