Pictet WM: Chinese government to allow the RMB to depreciate further

15 November 2018 | 1 minute read

With China’s current account balance undergoing a ‘structural shift’ from a consistent surplus to a deficit, Pictet Wealth Management believes the Chinese government will allow the RMB to depreciate further to increase foreign capital inflow. “China’s current account surplus started to diminish in this period and the capital and financial account went into significant deficit. As a result, China’s foreign reserves…

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