October figures show China had its first monthly net outflow of foreign currency in 4 years as...

|By:, SA News Editor

October figures show China had its first monthly net outflow of foreign currency in 4 years as the path of the yuan may not be the one-way bet it once was (higher). "Three years ago, perhaps the yuan was wildly undervalued, but now on the basis of these flow values, it's fairly valued," says ING's Tim Condon.