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    China’s SAFE: FX supply and demand more balanced in May Dhwani Mehta

    China's fx regulator, State Administration Of Foreign Exchange (SAFE), out with their latest headlines found below:FX supply and demand more balanced in MayPressure on cross-border outflows has gradually eased compared with beginning of the year        Reduction in outflows is a reflection on China's economic fundamentalsChinese companies and individuals less willing to keep forex deposCompanies efforts to deleverage their foreign debt has slowed  Meanwhile, China's commercial banks sell net USD 12.5bln in May vs USD 23.7bln in April. Jan-May total sales USD 161bln.

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