China sees US$3.1 bln 'hot money' outflow in 2011
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E-mail Xinhua, February 23, 2012
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China recorded 3.1 billion U.S. dollars of "hot money" outflow in 2011 after adjusted by 40 billion U.S. dollars of cross-border net payment, the State Administration of Foreign Exchange (SAFE) said on Thursday.
The outflow of speculative funds, or "hot money," from China marked an about-face of international capital, compared with a money inflow totaling 35.5 billion U.S. dollars in 2010, the SAFE said in its annual cross-border capital flow report.
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