China Q4 final current account data now out 30 March
That's quite a revision, if you believe any of it anyhow.
- Q4 capital and financial account surplus $46.4 bln vs flash deficit of -$37.6bln
- final 2016 current account surplus $196.4bln vs flash reading of $210.4bln
- final 2016 capital and financial account surplus $26.3bln
Says FX regulator SAFE:
- 2016 c/a surplus equivalent to 1.8% of GDP
- cross-border capital outflows show large volatility in different quarters during 2016
- renminbi exchange rate flexibility will strengthen in 2017
- c/a surplus will remain in reasonable range
- will take measure to attract cross-border capital inflows in 2017
Yada yada.
