So says China's fx regulator SAFE. 13 May 2016
- expects capital, financial account deficit in 2016
- will crack down on violations in forex field in 2016
- will prevent risk of abnormal capital flows in 2016
- will push forward capital account convertibility in 2016
- will strengthen monitoring of intl BOP
- expects cross-border capital flows to stabilise in 2016
I'm sure we'll learn in due course how they intend to come down more heavily on fx "violations"
