China central bank head – recent data shows significant easing in capital outflows
BEIJING – China’s recent data has showed a significant easing in capital outflows from the country as concerns about a slowdown in the world’s second-largest economy abate, central bank governor Zhou Xiaochuan said on Sunday.
Some short-term speculative money may be leaving China, a reversal of the trend a few years ago when China saw big capital inflows, Zhou told a high-level economic forum in Beijing.
But such outflows are not worrisome, he added. -Reuters