Inflows decline
Source: Bloomberg News |
April 27, 2012, Friday
|
Print Edition
Print Edition
CHINA'S capital inflows fell in the first quarter of 2012, leading to a smaller gain in foreign reserves as it allows greater flexibility in the yuan to seek more balanced international payments.
Net inflows under the capital account fell by 56 percent from a year earlier to US$49.9 billion, the State Administration of Foreign Exchange said in a statement yesterday. The trade surplus also narrowed 14 percent to US$24.7 billion, showing that cross-border fund flows are "more balanced," SAFE said.
Net inflows under the capital account fell by 56 percent from a year earlier to US$49.9 billion, the State Administration of Foreign Exchange said in a statement yesterday. The trade surplus also narrowed 14 percent to US$24.7 billion, showing that cross-border fund flows are "more balanced," SAFE said.
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