Capital flows likely to stay stable in 2018

Strong economic fundamentals to help nation weather US interest rate shocks

Cross-border capital flows are expected to remain stable this year given the relative positive external environment and strong economic fundamentals, a senior official with the nation's top foreign exchange regulator said on Thursday.

The country's cross-border capital flows are unlikely to be affected by the expected future interest rate hikes in the United States, as data showed that the market did not overreact to the US Federal Reserve's actions in 2017, said Wang Chunying, a spokesperson for the State Administration of Foreign Exchange.