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China's Cross-Border Capital Flows Seen Overall Stabile: Daily

CHINA PRESS
MNI (Singapore)

Cross-border capital flows for China are expected to remain stable as the surplus in the current account and foreign direct investment has grown faster from a year earlier amid efforts to stabilise trade and foreign investment, the Economic Information Daily reported citing Wen Bin, chief researcher of China Minsheng Bank. In April, the surplus of cross-border trade in goods was USD44.3 billion and the net inflow of direct investment in China was USD18.4 billion, growing 2.8 and 1.2 times from last April respectively, the newspaper said citing data released by the State Administration of Foreign Exchange. Banks’ foreign exchange settlement and sales continued with a surplus of USD19 billion in April, much higher than the level same period last year, the newspaper said.

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Cross-border capital flows for China are expected to remain stable as the surplus in the current account and foreign direct investment has grown faster from a year earlier amid efforts to stabilise trade and foreign investment, the Economic Information Daily reported citing Wen Bin, chief researcher of China Minsheng Bank. In April, the surplus of cross-border trade in goods was USD44.3 billion and the net inflow of direct investment in China was USD18.4 billion, growing 2.8 and 1.2 times from last April respectively, the newspaper said citing data released by the State Administration of Foreign Exchange. Banks’ foreign exchange settlement and sales continued with a surplus of USD19 billion in April, much higher than the level same period last year, the newspaper said.