Nation sees balanced cross-border capital flows

Net purchases of $13.8 billion forex in H1 reflect strength of RMB

China saw generally balanced cross-border capital flows in the first half, while sound economic fundamentals and improving forex management could help the nation better manage capital outflows, the foreign exchange regulator said on Thursday.

In the first six months of this year, Chinese lenders registered net forex purchases of $13.8 billion, reversing a net sales of $93.8 billion for the same period last year, Wang Chunying, spokeswoman of the State Administration of Foreign Exchange, said at a news conference on Thursday.