China's Balance Of Payments Resilient To Outflow Risks-Herald

China’s balance of payments is resilient to any capital flow shocks as the outflows under securities investment was offset by the surplus in foreign trade in goods and direct investment, the 21st Century Business Herald reported citing Guan Tao, a former forex official. There was a net outflow of USD21.6 billion under securities investment in May, the slowest pace since February, the newspaper said citing data by State Administration of Foreign Exchange. Foreign goods trading registered a surplus of USD38.3 billion in May, an increase of 97% y/y, while the surplus in direct investment maintained basically the same level as last May at USD5.5 billion, the newspaper said.