Xinhua
17 May 2022, 17:19 GMT+10
BEIJING, May 17 (Xinhua) -- Chinese banks saw a net foreign exchange purchase last month, data from the country's forex regulator showed Tuesday.
Chinese lenders bought 229.7 billion U.S. dollars worth of foreign currencies and sold 210.6 billion dollars' worth in April. It resulted in a net purchase of 19 billion dollars, said the State Administration of Foreign Exchange.
"Given the complicated external and domestic environment, China has continued to witness a net inflow of cross-border capital," said Wang Chunying, the administration's deputy head.
Get a daily dose of Munich Metro news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Munich Metro.
More InformationDUBLIN, Ireland: Boots Ireland has admitted to breaking pricing laws during a Black Friday sale in 2023, leading to an investigation...
FRANKFURT, Germany: Volvo Cars, based in Sweden, is cutting 3,000 jobs to reduce costs as the automobile industry struggles with trade...
YOKOSUKA, Japan: Facing mounting losses and global restructuring, Japan's Nissan Motor Corp. is turning to its unique e-Power hybrid...
DUBLIN, Ireland: An Irish High Court judge has allowed the Irish Council for Civil Liberties (ICCL) to begin a class action-style lawsuit...
PARIS, France: French farmers brought traffic to a crawl around Paris and gathered outside the National Assembly on May 26, using their...
HANOI, Vietnam: Amid shifting global trade dynamics and growing concerns over U.S. tariffs, France and Vietnam have signed more than...
WASHINGTON, D.C.: In a significant shift to federal vaccine guidance, the U.S. government will no longer recommend routine COVID-19...
KATHMANDU, Nepal: Using xenon gas treatment and new technology is making climbing Mount Everest faster and better for the environment...
CAIRO, Egypt: Egypt has revealed three newly discovered tombs in the Dra Abu al-Naga necropolis in Luxor. These tombs, found by Egyptian...
TOKYO, Japan: As global inflation remains stubborn and growth prospects dim, central bankers from around the world gathered in Tokyo...
HONOLULU, Hawaii: A man from Oregon, Oliver Widger, has arrived in Hawaii after sailing across the ocean with his cat, Phoenix. He...
BUENOS AIRES, Argentina: The Archbishop of Buenos Aires, Jorge GarcĂa Cuerva, used a major religious event over the weekend to criticize...