China Forex: What is the overall strategy ofcurrent account management in 2021?

Liu Bin: The current account cross-border receipts and payments have long accounted for nearly 70% of the overall balance of payments in China,covering hundreds of millions of cross-border transactions and involving millions of market entities. It has played an essential role in resisting the impacts of cross-border capital flows,stabilizing the macro economy and people’s confidence in financial market,and improving social well-beings.