Pressure on capital outflows from China eased significantly in the first quarter, a spokeswoman for the country`s foreign exchange regulator said on Thursday.
Expectations for yuan depreciation have weakened significantly so far this year, State Administration of Foreign Exchange spokeswoman Wang Chunying told a news conference.
China`s commercial banks sold a net $40.9 billion in foreign exchange in the first quarter, SAFE data on Thursday showed, down significantly from $124.8 billion in net sales in the first quarter of 2016.
0 comments:
Post a Comment