China: Capital outflow pressure has fallen - Westpac

Frances Cheung, Research Analyst at Westpac, Capital outflow pressure has fallen, while China maintains a small current account surplus.

Key Quotes

“The higher onshore yields have become more appealing, though we note capital flows are small compared with other BoP items. We expect a mild upside to USD/CNY in the coming months primarily on expected USD strength, with 6.65 a key resistance.”