Policy Levers
Yuan Peg Strength
0.85
Higher value restricts RMB appreciation, inflating persistent trade surplus.
FX Reserve Sterilization Rate
$350 Bn/yr
Central bank accumulation of foreign reserves (re-invested into US Treasuries).
Capital Account Openness
0.25
Controls private capital outflow and international cross-border flexibility.
Export Subsidy / Tariff Offset
12%
Structural support bolstering domestic net export competitiveness.
Yuan / Trade Flow
Reserve Recycling
Capital Pressure
Balance of Payments Telemetry
Trade Surplus
$820 Bn
Persistent Structural
US Yield Suppression
-45 bps
Treasury Rate Impact
Global Imbalance Index
78.4
High Asymmetry
EM Spillover Risk
High Yield Pressure
Deflected Capital
Surplus Bloc Reserves
$3,450 Bn
Deficit Bloc Debt
$8,900 Bn
Rebalancing Horizon
12.5 Years
Managed RMB architecture maintains persistent trade surplus and depresses reserve-currency yield curves while deflecting capital flows toward emerging market competitors.
Preset: Nageswaran-Srinivas Essay Model |
Imbalance: 78.4