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Regulator says capital outflow fears unfounded

By Jiang Xueqing | China Daily | Updated: 2014-10-24 07:23

China is not at risk from large-scale capital outflows, although it experienced a net outflow under the capital account in the third quarter, which was in line with the nation's target of achieving equilibrium in the international balance of payments, the State Administration of Foreign Exchange said on Thursday.

Preliminary estimates by the SAFE indicate that China saw deficits in the capital and financial accounts in the third quarter while posting a current account surplus.

During the same period, the trade surplus hit $128.1 billion, up 48 percent quarter-on-quarter and 111 percent year-on-year.

Regulator says capital outflow fears unfounded

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