BEIJING: Capital outflows from China eased sharply in the first quarter and cross border flows were more balanced, the foreign exchange regulator said yesterday, in the latest official comments indicating policymakers are growing less worried about the yuan currency.
Reduced pressure from outflows has helped steady the yuan this year and brought China’s foreign currency reserves back over the closely watched US$3 trillion mark.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
