China's SAFE: Pressure on capital outflow eased significantly in Q1

Author: Eamonn Sheridan | Category: Central Banks

SAFE is China's State Administration of Foreign Exchange

Statement today on capital flows in March and Q1:
  • For the January to March period, net forex sales stood at $40.9 billion
  • For March, $11.6bn ($10.1bn in February)

A SAFE official adds:
  • Yuan depreciation expectation has weakened