@China cross-border capital flows becoming more balanced: forex regulator(20/04/2560)

20 Apr 2017
122 times

BEIJING (Reuters) - Pressure on capital outflows from China eased significantly in the first quarter, a spokeswoman for the country's foreign exchange regulator said on Thursday. Expectations for yuan depreciation have weakened significantly so far this year, State Administration of Foreign Exchange spokeswoman Wang Chunying told a news conference. China's commercial banks sold a net $40.9 billion in foreign exchange in the first quarter, SAFE data on Thursday showed, down significantly from $124.8 billion in net sales in the first quarter of 2016. Source: investing.com (19/04/2017)

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