金融英语阅读：China does not yet see large hot-money inflow
BEIJING - China has not yet seen large inflows of hot money, but some major economies' monetary easing policies could unleash capital that flows into the country, the China Securities Journal reported on Tuesday.Deng Xianhong, deputy chief of the State Administration of Foreign Exchange (SAFE), was quoted as saying that China already has huge inflows of net capital and a relatively big trade surplus, but he warned that those should not be considered speculative "hot money".
Deng said, however, that excessive liquidity as a result of some major economies' economic stimulus policies to create more money could add pressure for more capital flows into China. Money from investors betting on a stronger yuan could flow mainly to China's stock market and property sector.
Deng did not mention specific countries, but other Chinese officials have sharply criticised Washington's economic stimulus policies.
Last week, the US Fed Reserve announced it would inject an extra $600 billion into the US banking system.
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