China PBOC's Yi says China to buy more, not sell less

BEIJING: China will try to seek balance in international payments by boosting imports, not cutting exports, Yi Gang, a vice governor with the People's Bank of China, said on Saturday.

Yi, who is also the head of China's State Administration of Foreign Exchange, added that hot money inflows into China were "quite small" and China's cross-border capital flows were generally in line with real economic activities.

Yi made the comments on the sidelines of an academic meeting hosted by the Chinese Economists 50 Forum, a Beijing-based think-tank.