Top 10 predictions of Chinese economy in 2018
No 5 The renminbi exchange rate to be "basically stable at a reasonable equilibrium level"
The exchange rate of renminbi will remain "basically stable at a reasonable equilibrium level", with fluctuations between 6.3 and 6.7 in 2018.
The China Foreign Exchange Trade System (CFETS) yuan exchange rate composite index may experience a slight slide to 94 at the end of 2018.The index is also known as the CFETS RMB Index and it measures the yuan's strength relative to a basket of currencies including the US dollar, euro and Japanese yen.
China's capital liquidity is projected to welcome a slight net inflow and nonreserve financial account surpluses in balance of international payments that may reach $140 billion in 2018. Funds outstanding for foreign exchange may increase 50 billion yuan, compared with a sharp decrease in previous years.
