BEIJING, Oct. 21 (Xinhua) -- Pressure on China's cross-border capital outflows eased during the first three quarters of 2016, an official said on Friday.
The supply and demand of foreign currencies in China have become more balanced since the start of the year, Wang Chunying, spokesperson of the State Administration of Foreign Exchange (SAFE), said at a press conference.
Chinese banks saw a deficit of 69.6 billion U.S. dollars in foreign exchange sales and purchases in the third quarter, up from 49 billion U.S. dollars in the second, but much lower than the 124.8 billion U.S. dollars in the first, according to new data from SAFE.
The narrowed forex salespurchase deficit in the second and third quarters reflected an easing of pressure on cross-border capital withdrawal, Wang said.
She attributed the increase in the salespurchase deficit in the third quarter to seasonal factors, as summer vacation and the period before the National Day holiday are peak times for purchasing foreign currencies as residents prepare for studies abroad or overseas travel.
Disregarding seasonal factors, the forex salespurchase deficit stood at 48.2 billion U.S. dollars during the July-September period, Wang added.
Cross-border flows will remain "basically stable" in the future, she predicted, citing China's relatively fast economic growth, sound financial system, good fiscal balance, continuous current account surpluses and ample foreign exchange reserves as buffers against shocks.
MADRID, Oct. 18 (Xinhua) -- Three Polish football supporters were arrested here hours ahead of Real Madrid's home game against Legia Warsaw in the Champions League, the Spanish press reported.
Those arrested were three men, aged 31, 33 and 34, accused of attacking waitresses in a bar in the popular La Latina district in the city center, stealing a mobile phone and attempting to steal cash from the till in the bar.
The police reported the three had been drinking for a period and that one of the waitresses received a head-butt from one of the detainees when she'd tried to intervene.
The incidents have police on high alert over the arrival of around 3,500 Legia fans for Wednesday's match in the Santiago Bernabeu stadium after Legia supporters caused trouble in their 6-0 defeat by Borussia mid-September in Warsaw.
Legia were sanctioned by the Union of European Football Associations (UEFA) for racist behavior and fighting by a section of their supporters in that game, with the club fined 80,000 euros (90,000 U.S. dollars).
The match in Madrid has been classified as high-risk with around 2,000 police and 700 private security personnel on duty to assure there are no further incidents. Enditem
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