China sees $3.1b 'hot money' outflow in 2011

Updated: 2012-02-23 17:38


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BEIJING - China recorded $3.1 billion of "hot money" outflow in 2011 after adjusted by $40 billion of cross-border net payment, the State Administration of Foreign Exchange (SAFE) said on Thursday.

The outflow of speculative funds, or "hot money," from China marked an about-face of international capital, compared with a money inflow totaling $35.5 billion in 2010, the SAFE said in its annual cross-border capital flow report.