China’s financial sector received $660M of direct foreign investments in Q1 2012. The flight of capital in Q 2012 was equal to $40M. Therefore, the actual sum of net foreign investments is $620M.
At the same time, Chinese financial institutions spent over $1.55B on foreign investments in Q1 2012. Chinese businesses and government invested in the economies of 170 countries around the globe. The external financial assets reached $4,6653 trillion in September 2011. At the same time, the owed the rest of the world $2,7761 trillion.
Forex.
According to , the Chinese Yuan keeps weakening against the US Dollar. The experts assume that USDCNY will have to overcome the resistance around 6,3787 in order to resume the mid-term downtrend. If this is the case, 6,3820 will become the closest major level of support.
As soon as the price breaks and consolidates below the bottom of the MF sloping channel and pivot 6,3366, the bullish trend will be completed and the bears will get a chance to resume the long-term downtrend.
