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China’s forex settlement deficit narrows in January

Updated: Feb 17,2015 8:11 AM     Xinhua

BEIJING — China continued to see a deficit in its foreign exchange settlement in January with narrowed volume, official data showed on Feb 16.

Chinese lenders bought $162 billion worth of foreign currency and sold $170.2 billion, resulting in a net sell of $8.2 billion, the State Administration of Foreign Exchange (SAFE) said in a statement.

The forex settlement deficit stood at $9.3 billion in December and China continued to see a surplus in its foreign exchange settlement in 2014, but the volume narrowed significantly, indicating easing capital inflows.