Latest Chinese data now out 16 May 2016
- +71.8% yy
- commercial banks sell net $23.7bln FX in April vs $36.4bln in March
- commercial banks sell Jan-April net $148.5bln
Strong outward investment increase but April's PBOC intervention lower than previous month. Still a decent amount over the 3 month period to prevent yuan devaluation.
Earlier this month China posted fx reserves of $3.22 trln, a second monthly rise this year s capital outflow continues to ease, albeit gradually.
