Capital flight eases in first half of year

China's capital flight pressure has eased in the first half of this year, as statistics released on Thursday by the State Administration of Foreign Exchange indicate.

According to the data, China's net foreign exchange purchase accumulated to $173.8 billion in the first half of 2016. But its capital outflow significantly slowed down in the April-June period.

After registering 124.8 billion in foreign currency in the first quarter, Chinese banks sold in the second quarter $49 billion more in foreign currency than they purchased.