China Draws Foreign Inflows After Brief Iran War-Led Outflow

China’s cross-border inflow resumed in April following a reversal in March, reinforcing confidence in the economy and an appreciating yuan.

Onshore banks received a net $61.9 billion from overseas on behalf of clients in April, official data released late Monday show. It marks the sixth month of inflows in seven, reversing March’s brief $32.1 billion outflow.