So says the state fx regulator SAFE 3 May

Just by way of a break from all things Brexit this morning

  • expects current account surplus, capital and financial account deficit in 2017
  • will push forward market-based yuan exchange rate reform
  • growth in services trade deficit will gradually stablise
  • overseas investment ylelds likely to increase in 2017
  • will step up checks on authenticity and compliance on trade and investment
  • will step checks and punishment on illegal fx activities
  • yuan flexibility will increase in 2017
  • will optimise diversification of FX reserves to serve China's strategic goals

The shackles continue to be undone.

Chinese yuan coming to a town near you soon