Deutsche Bank for a Conference Call on Tuesday March 29, 2016 10am ET / 1500 UKT / 2200 HKT EM FX Reserves: Does China Have Enough? Hosted by: Taimur Baig Chief Economist, Asia Gautam Kalani EM FX Strategist Torsten Slok Chief International Economist Relevant Research: Assessing reserve adequacy

nomies. The key is to recognize the challenges mentioned here and strive for a more domestically (and perhaps regionally) sustainable growth model Taimur Baig (+65) 6423-8681 Deutsche Bank AG/London Page 39 EFTA01476075 8 December 2015 World Outlook 2016: Managing with less liquidity Latin America: S

lkerts-Landau Michael Spencer Economics Peter Hooper Torsten Slok Joe LaVorgna Mark Wall Stefan Schneider Mikihiro Matsuoka Michael Spencer Taimur Baig Gustavo Canonero Strategy Dominic Konstam Francis Yared Oleg Melentyev Jim Reid David Bianco Sebastian Raedler Alan Ruskin George Saravelos