Monday, September 02, 2013
Net Growth of Foreign Exchange in China
ANBOUND
The latest balance sheet of monetary authority that released by China's central bank showed that the positive growth of 1.914 billion Yuan in July’s foreign exchange has been reversing the negative growth in June.However,the amount is far less than the first five months of the year which exceeds 100 billion Yuan. The global capital flow has changed due to expectation of Federal Reserve's QE withdrawal. China’s ability to lure international capital also decline due to the economic slowdown.