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

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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.

Copyright Reuters, 2011