9 August 2024 | 8:07PM HKT China: Q2 2024 BOP data suggest faster capital outflows Bottom line: China's preliminary Balance of Payments (BOP) data showed faster capital outflows in Q2 2024 on the back of more outflows through the direct investment channel and foreigners' selling of RMB assets as well. Current account surplus widened in Q2 from Q1 due entirely to a higher goods trade surplus, and FX reserves decreased in Q2. Main points: 1.The preliminary BOP data show three main categories of China's intern ...