Flow of int’l capital benefits China: experts  

国际资本"大进大出"考验中国 专家称"变化"有利

今年以来，国际资本在中国“大进大出”，成中国金融体系的一次大考。此间专家接受中新社记者采访时表示，中国“防火墙”比较牢固，资本流动并未威胁宏观经济稳定的局面，带来的“变化”对中国总体有利，并非坏事。

Beijing (CNS) -- China's foreign currency saw an accumulated increase of US$64 billion in the first three quarters of this year, a year-on-year decrease of 83 percent, according to the latest statistics, raising concerns about a potential capital flight.

However, the outflow of capital has slowed since the third quarter and the yuan reached a record high against the U.S. dollar on Monday, a sign of the RMB's appreciation.

Generally, capital flowing in and out benefits China's foreign currency market, said Zhang Bin, a researcher from the Chinese Academy of Social Sciences. In past years our foreign exchange market was oversupplied so the central bank had to conduct macro control, but now the market is flexible and approaching balance, he said.

The situation reflects China's current economic development, and relates to the world economy, said Tan Yaling, chairman of the China Forex Investment Research Institute.

As long as China continues to maintain a sound macro-economy and friendly policies, we will attract more foreign capital, added Tan.