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China: gets net capital inflows from the world
For the whole year so far, only in the month of April that the foreign reserves edged down slightly,China foreign reserves have been on the rise. It increased by US$18.23 billion to US$3119.23 billion in June. And the increase in reserves in June was the biggest among each month in 2019 so far. Inflows have been stronger than outflows It is true that China has monitored very closely on capital outflow transactions, which is the reason of little net outflows in 2019. But this is only one side of the story. There are more reasons for rising foregin reserves. The first is the weak dollar, which makes other currencies' ... (full story)