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Top 10 predictions of Chinese economy in 2018

chinadaily.com.cn | Updated: 2018-01-18 06:36

No 5 The renminbi exchange rate to be "basically stable at a reasonable equilibrium level" 

An employee at a bank counter in Nantong, East China's Jiangsu province, counts renminbi and US dollars. [Photo/China Daily]

The exchange rate of renminbi will remain "basically stable at a reasonable equilibrium level", with fluctuations between 6.3 and 6.7 in 2018.

The China Foreign Exchange Trade System (CFETS) yuan exchange rate composite index may experience a slight slide to 94 at the end of 2018.The index is also known as the CFETS RMB Index and it measures the yuan's strength relative to a basket of currencies including the US dollar, euro and Japanese yen.

China's capital liquidity is projected to welcome a slight net inflow and nonreserve financial account surpluses in balance of international payments that may reach $140 billion in 2018. Funds outstanding for foreign exchange may increase 50 billion yuan, compared with a sharp decrease in previous years.

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