PBOC policy committee member giving an interview
- China unlikely to see big capital outflows
- GDP hasn't bottomed. Still faces downward pressure
- GDP growth may dip below 75 in coming 2-3 years
- PBOC to provide liquidity support if needed, including RRR cut
"The chance for a 10% depreciation in the short-term isn't large"
"The PBOC is unlikely to pursue such a policy goal and still has plenty of channels to influence and intervene"
Frank comments from Huang and trying to put paid to talk of further yuan deval//weakness
Huang formerly worked for Citi and Barclays and is now an economics professor at Beijing University