Banking

SAFE says China faces pressure to curb abnormal capital inflow

(Agencies)
Updated: 2010-07-08 15:56

China's government faces pressure to curb "abnormal" amounts of capital from flowing into the country,?the State Administration of Foreign Exchange said today in a statement.

Related readings:  China frets over rising capital inflow pressure  'SAFE move will hike capital inflow'  PBOC: Capital inflows slowing, but no serious outflows

The pressure of net foreign-exchange inflow eased in May because of a declining expectation that the Chinese yuan would gain, the currency regulator said in its statement. A stronger value in the US dollar also contributed to the decline in capital inflows, the regulator said.