2017 marked a turning point for capital flows, China currency regulator says

  • Chinese cross-border capital flows were virtually balanced in 2017, according to new data released Thursday
  • The country's foreign exchange regulator said the data marks a turning point
  • The trend is expected to continue into 2018 as the Federal Reserve's impact on China's capital flows wains
Lucas Schifres | Getty Images

China's cross-border capital flows reached a turning point last year as they became basically balanced compared to previous net outflows, the foreign exchange regulator said on Thursday.

Cross-border capital flows will remain largely steady in 2018 as the impact from the U.S. Federal Reserve's policy normalization on capital flows in China is weakening, Wang Chunying, spokeswomen for the State Administration of Foreign Exchange, told reporters.