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Economy

China's capital inflows hit 7-year high on bond-buying bonanza

Sustaining the influx would help fuel Chinese lending to emerging economies

The Chinese yuan appreciated to its strongest in roughly four years against the dollar last week.   © Reuters

BEIJING -- Net inflows of funds into China reached $88.5 billion, their highest in seven years, during the January-March quarter, as a wide interest rate spread drew global bond investors to the world's second-largest economy.

Gross inflows during the quarter came to $590.1 billion, the highest figure in comparable statistics going back to 2010, a Nikkei analysis of State Administration of Foreign Exchange data shows. Gross outflows reached $501.6 billion.

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