China’s SAFE: Current account balance to remain within reasonable range in H2 2020

China’s current account balance is expected to remain within a reasonable range in H2 2020, the country’s forex regulator, the State Administration of Foreign Exchange (SAFE), said in a statement released on Friday.

Additional quotes

“Expects cross-border capital flows and fx reserves to remain stable in H2. “

“Expects current account to show small surplus in 2020.”

“Current account surplus equivalent to 1.2% of GDP in H1.”