account surplus for Sweat DatarS GEC China ($220bn, 2.2% GDP). In addition, expectations of further increases in offshore investment quotas (i.e. RQFII) on the back of capital account liberalization, I Positioning is short USD/CNY and likely more in CNH should mean that portfolio inflows pick up, p

a healthy current account surplus for China ($220bn, 2.2% GDP). In addition, expectations of further increases in offshore investment quotas (i.e. RQFII) on the back of capital account liberalization, should mean that portfolio inflows pick up, putting further appreciation pressure on RMB. With the