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18.07.2019 06:45

China sees second half cross-border capital flows basically stable - SAFE

China expects cross-border capital flows to remain basically stable in the second half of the year, in spite of uncertainties in the global economy and trade protectionism, its foreign exchange regulator said.

Positive factors outnumber the negative, as the international monetary policy environment is relatively loose and the U.S. trade deficit with China is increasing, Wang Chunying, a spokeswoman at the State Administration of Foreign Exchange (SAFE), said.

China is expected to post a surplus in its current account in the second quarter of this year and a small surplus for all of 2019, she said.

Wang also said China's foreign debt risks are controllable overall. Last week, the country's state planner said it is tightening restrictions on property companies seeking to raise funds offshore, in its latest move to reduce potential financial risks.

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