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China does not yet see large hot-money inflow: Deng Xianhong

China does not yet see large hot-money inflow: Deng Xianhong

Write: Evan [2011-05-20]

BEIJING - China has not yet seen large inflows of hot money, but some major economies' monetary easing policies could unleash capital that flows into the country, the China Securities Journal reported on Tuesday.

Deng Xianhong, deputy chief of the State Administration of Foreign Exchange (SAFE), was quoted as saying that China already has huge inflows of net capital and a relatively big trade surplus, but he warned that those should not be considered speculative "hot money".

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