EFTA Document EFTA01459584

15 January 2016 Global Economic Perspectives: China's evolving FX policy record in 04 - these outflows could potentially imply less pressure on the RMB in the months to come. While China has enough foreign exchange reserves to pay off all external debt twice over, as is often noted its reserves level relative to the domestic deposit base is less impressive at 16%. But households in China don't seem to view currency risk with particular alarm. While only 2014 data are available on the bre