SAFE Says China’s Balance of Payments May Improve During the 15th Five-Year Plan Period

At a September 10 State Council Information Office briefing, Li Bin, spokesperson and deputy head of China's State Administration of Foreign Exchange (SAFE), said the global trend toward multipolarity and economic globalization will not change during the 15th Five-Year Plan period, but protectionism, geopolitical conflicts and volatility in international financial markets will continue to challenge economic operations. According to Jiemian News, Li said China's balance of payments is expected to show larger scale, better structure and an overall balanced position during the period.