Capital outflows, rather than high......>

CHINA PRESS: Capital outflows, rather than high debt ratios, are likely to be

the biggest source of systemic risks in China in the period ahead, Yu Yongding,

a researcher with the Chinese Academy of Social Sciences and a former member of

the PBOC's Monetary Policy Committee, said Wednesday in an interview with Caixin

Magazine. China's international payment balance sheet contains large  net errors

and omissions since a large amount of illegal capital fight has not been

recorded, Yu argued. Although capital outflows have slowed as the yuan exchange

rate has stabilized, some companies still have strong intentions to purchase

foreign exchange, Yu warned. Recent policies show regulators have noticed the

damage caused by capital fight, Yu noted. (Caixin Magazine)