Chinese banks saw a deficit of 69.6 billion U.S. dollars in foreign exchange sales and purchases in the third quarter, up from 49 billion U.S. dollars in the second, but much lower than the 124.8 billion U.S. dollars in the first, according to new data from SAFE.
The narrowed forex salespurchase deficit in the second and third quarters reflected an easing of pressure on cross-border capital withdrawal, Wang said.
She attributed the increase in the salespurchase deficit in the third quarter to seasonal factors, as summer vacation and the period before the National Day holiday are peak times for purchasing foreign currencies as residents prepare for studies abroad or overseas travel.
Disregarding seasonal factors, the forex salespurchase deficit stood at 48.2 billion U.S. dollars during the July-September period, Wang added.
Cross-border flows will remain "basically stable" in the future, she predicted, citing China's relatively fast economic growth, sound financial system, good fiscal balance, continuous current account surpluses and ample foreign exchange reserves as buffers against shocks.
MADRID, Oct. 18 (Xinhua) -- Three Polish football supporters were arrested here hours ahead of Real Madrid's home game against Legia Warsaw in the Champions League, the Spanish press reported.
Those arrested were three men, aged 31, 33 and 34, accused of attacking waitresses in a bar in the popular La Latina district in the city center, stealing a mobile phone and attempting to steal cash from the till in the bar.
The police reported the three had been drinking for a period and that one of the waitresses received a head-butt from one of the detainees when she'd tried to intervene.
The incidents have police on high alert over the arrival of around 3,500 Legia fans for Wednesday's