China’s SAFE: Current account balance will remain in reasonable range in H2

China’s FX regulator, State Administration of Foreign Exchange (SAFE), is out on the wires now, with the key headlines found below.

Current account balance will remain in a reasonable range in H2.

Expects cross-border capital flow to maintain stable in H2.

To actively curb cross-border capital flow risks.

Current account deficit equivalent to 0.4% of GDP in H1.

China’s current-account surplus stood at $5.3 billion in Q2.