As China’s economy is stabilizing，capital outflow pressure has shown signs of easing.The latest data from the People’s Bank ofChina，the central bank，showed that China’s totalyuan funds outstanding for foreign exchangereversed two consecutive months of declineand rose in August.
The funds，a major indicator of international capital movement in or out of China，stood at 27.39 trillion yuan ($4.48 trillion)at the end of August， up 27.32 billion yuan($4.46 billion) month on month，accordingto the central bank.
Cai Hongbo，an economic expert at the Beijing Normal University，said an improvementin August exports and a strengthening yuanhave pushed up demand for the Chinese currency.
Profit Forecast
Given the cyclical recovery and rapid growth of China’s emerging industries，roughly 60 percentof Chinese listed companies expect a profit increasein the third quarter.
Of the 941 firms that have publicized their Q3 earnings pre-announcement，509 said profitswould increase and 48 did not expect losses.After suffering fourth quarter losses lastyear，profits from listed companies rose 10.36 percent in the first quarter of 2013 and acceleratedto 11.98 percent in the second quarter，the fastest quarterly growth since 2012.
Machinery equipment producers，petrochemical companies and non-ferrous metal makers reported profit gains as a steady economi crecovery boosted industry demand.
Profits from information service providers and electronic equipment makers also madegains as they benefited from the government’smaster plan to boost strategically importantemerging industries. Moreover，Liquid Electronic Display and integrated circuit makers also forecasted hefty profit increases.
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