There are increasing uncertainties in China's cross-border capital flows in the short term amid the faltering global economy, the country's foreign exchange regulator said Friday in a report.
The State Administration of Foreign Exchange (SAFE) attributed the rising uncertainties to the slowing global recovery and the worsening debt crisis in developed countries.
The world's stagnant economic growth may hamper international trading as well as relevant financing activities, and the debt crisis that has haunted the developed economies may further unnerve the global financial market, SAFE said.
The regulator said it will give priority to balancing imports and exports, fighting against cross-border arbitrage and increasing channels for capital flows.
The current account surplus totaled 87.8 billion U.S. dollars in the first half of 2011, accounting for 2.8 percent of the nation's gross domestic product, according to a revised balance sheet released by SAFE Friday.
