EFTA Document EFTA01451007

11 December 2013 GEM Equity Strategy Outlook 2014 future prospects for the economy and drive further outflows. Against this backdrop the Chinese authorities will do everything they can to maintain confidence in the value of the Renminbi in order to attract further inflows despite the fact that the currency appears increasingly overvalued from a corporate perspective. The necessity to attract large flows of foreign capital into China on an ongoing basis also implies that China is not such