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China Allows More Investment Outflows to Ease Pressure on Yuan

2021年03月31日 19:18 来源于 财新网
Country reports first deficit on financial account since 2016 as investors are encouraged to shift more capital overseas
Overall, China had a balance of payments surplus of $168.1 billion in 2020, comprising a current account surplus of $274 billion, and a combined capital and financial account deficit of $105.8 billion, the latest data show.

China last year reported the first annual deficit on the financial account in its balance of payments in four years as regulators allowed more money to flow out of the country to ease appreciation pressure on the yuan stemming from rising foreign investment in the country’s capital markets.

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