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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Beijing, October 22 (Xinhua) — China's foreign exchange market continues to function stably, with market expectations stable and supply and demand balanced, the State Administration of Foreign Exchange (SAFE) reported on Wednesday.
Cross-border receipts and payments by businesses and individuals outside China's banking sector rose 7 percent in September from the previous month to reach US$1.37 trillion.
Deputy head of the State Foreign Exchange Commission Li Bin said that trading in the foreign exchange market remains lively and cross-border capital flows remain generally balanced.
China's foreign trade continues to grow steadily, Li Bin said, adding that net cross-border capital inflows in goods trade remain high, while cross-border capital flows in services and investment income are generally stable.
In the first three quarters, net cross-border capital inflows amounted to US$119.7 billion, with the banking sector recording a foreign exchange surplus of US$63.2 billion.
According to Li Bin, China's foreign exchange market has demonstrated high resilience and vitality this year despite the complex and unstable external environment.
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