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China Sees Renewed Capital Inflows, Yuan Gain Expectations

Capital flows into China have rebounded this year, the central bank said, bolstering the case for officials refraining from any immediate cuts in banks’ reserve requirements.

Expectations for a decline in the value of the yuan against the U.S. dollar have also reversed, with non-deliverable forward contracts now forecasting no change or some appreciation, the People’s Bank of China said in a quarterly monetary policy report posted on its website yesterday. It didn’t specify when the document was prepared.