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China 'hot money' inflows surge in 2010

China 'hot money' inflows surge in 2010 (by Chris Oliver)

HONG KONG (MarketWatch) -- China reported $35.5 billion of speculative "hot money" inflows into its economy in 2010, equivalent to 7.6% of foreign exchange reserves accumulation for the year, according to reports which cited figures released Thursday by the State Administration of Foreign Exchange. The data marks the first time SAFE has provided an official estimate of inflows of "hot money", which it defined as speculative investment capital chasing short-term returns, according to reports of the SAFE statement

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China 'hot money' inflows surge in 2010