Latest forex data good news for policymakers

Despite the decline in China's foreign exchange reserves since last year, which has been widely reported in the international media, monetary officials and specialists say there is no panicky capital flight, and the outflow of capital has not reached a level to warrant the government adopting restrictive measures.

Recently, the situation has been improving, and cross-border capital flows appear to be gradually becoming normal, they pointed out, citing data from the State Administration of Foreign Exchange.

"Cross-border capital flows are expected to be stable in general," Wang Chunying, deputy director of the administration's balance of payments department, said on Tuesday.