China’s SAFE: Impact on China's capital flows from Fed's interest rate rises has been diminishing

A spokeswoman for China’s fx regulator, the State Administration of Foreign Exchange (SAFE), crossed the wires last minutes, commenting on the Fed’s policy and its impact on China’s capital flows.

Key Points:

Impact on China's capital flows from Fed's interest rate rises has been diminishing

Improvements in China's economy boost its ability to cope with impact from Fed rate rises

Will closely monitor fed's interest rate rises and balance sheet shrink

 Don't need to boost exports by devaluating Yuan