China's commercial banks sold USD 19.2bln net in Jan vs 46.3bln in Dec

Author: Mike Paterson | Category: News

China's fx regulator SAFE out with the figures 17 Feb

For "commercial banks" read PBOC intervention.

The slowdown in capital outflows continues but FX reserves still heading lower as we reported here earlier this month where the figure fell below $3trln for the first time since Feb 2011.