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Regulators say China forex market most balanced in three years

Updated: Jul 20,2017 1:58 PM     cgtn.com

China’s foreign exchange market embraced the most balanced period in recent three years, said Wang Chunying, spokesperson of the State Administration of Foreign Exchange (SAFE) at a press conference on July 20.

The cross-border funds flow continue to stabilize in general. Banks bought $772.7 billion worth of foreign currency and sold $866.5 billion, resulting in net sales of $93.8 billion in the first half of 2017.

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