Wang Chunying additionally informed reporters throughout a briefing in Beijing that cross-border capital flows will stay secure wit
Wang Chunying additionally informed reporters throughout a briefing in Beijing that cross-border capital flows will stay secure within the second half of the yr.
China posted a $33.7 billion present account deficit for the primary three months of the yr, with the regulator saying worldwide funds have been affected by the coronavirus outbreak.
Overseas funding in China’s bond and inventory markets has picked up sharply in latest months because the financial system recovers from the well being disaster, pushing equities right into a bull market. However Wang mentioned the influence of inflows into shares has been acceptable to date, and the present account ought to stay inside an affordable vary sooner or later.
(Reporting by Yawen Chen and Gabriel Crossley; Writing by Se Younger Lee; Modifying by Tom Hogue and Kim Coghill)