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| Tags: china, data, expert, financial, july, money, obvious, outflow, shows |
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08-14-2008, 02:17 AM
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Expert: China July financial data shows obvious outflow of hot money
Chinese mainland banks received 5.6 billion U.S. dollars in foreign exchange deposits in July, compared with 11.9 billion dollars the month previous, according to the People's Bank of China data released on Wednesday. Liu Yuhui, head of the Chinese economy evaluation center under the Chinese Academy of Social Sciences, said on Thursday forex deposits were less than the 8.336 billion U.S. dollars foreign direct investment (FDI) actually used nationwide and the 25.28 billion dollars trade ...
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