China Faces Historic Deficits and Outflows Amid Economic Uncertainty
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China recorded its first-ever quarterly deficit in foreign direct investment (FDI) from July-September. This could be linked to "de-risking" by Western countries.
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China's basic balance recorded a rare deficit of $3.2 billion in Q3, underscoring pressure on the yuan.
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Onshore yuan trading volume against the dollar hit a record low in October, showing China's efforts to curb yuan selling.
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In September, FX outflows from China surged to $75 billion, the biggest monthly total since 2016.
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China's central bank is taking counter-cyclical measures to support the yuan amid foreign investment outflows.