China to improve macro-prudential, counter-cyclical measures for forex management: official
Reuters
Published Jul 18, 2018 10:50PM ET
Updated Jul 18, 2018 11:11PM ET
China to improve macro-prudential, counter-cyclical measures for forex management: official
BEIJING (Reuters) - China will improve macro-prudential, counter-cyclical measures for foreign exchange management, a spokeswoman for the nation's foreign exchange regulator said on Thursday.
Wang Chunying, spokeswoman at the State Administration of Foreign Exchange (SAFE), said the regulator needs to assess the impact of trade frictions on China's cross-border capital flows but that China can cope with challenges as its reserves are ample.
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Written By: Reuters
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