China's banks saw a net forex settlement surplus of 106.6 billion U.S. dollars in the first 10 months of this year, the country's forex regulator said Tuesday.
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In October, China's cross-border capital flows remained within a reasonable range, with the net inflows under trade in goods up 19 percent year on year, said Wang Chunying, deputy director and spokesperson of SAFE.
Capital for foreign direct investment saw a net inflow, and foreign investment in the domestic bond market continued to recover, indicating that the willingness of foreign investors regarding long-term investment in China as well as their allocation to renminbi assets is generally stable, according to Wang.
Despite a complex and volatile external environment, the Chinese economy has shown strong resilience, great potential and ample room for maneuver, said Wang, adding that by further optimizing epidemic prevention and control measures, the country will continue to consolidate the momentum of economic recovery.
China's cross-border capital flow and foreign exchange market are expected to develop steadily and orderly, said Wang, citing reasons such as a more resilient forex market and improved macro-prudential management tools.
