Outbound cash flow slows in June

Controls start to work, as 1st half total fell 46% from a year earlier

China faces less pressure from capital outflows, according to data released by its currency regulator on Thursday, and economists said the situation may continue to improve in the second half of this year.

China's banks sold a net $93.8 billion of foreign exchange to clients in the first six months of this year, down 46 percent year-on-year, according to data released by the State Administration of Foreign Exchange.