China's State Administration of Foreign Exchange reported that in April, the willingness of enterprises to convert foreign exchange earnings into RMB slightly decreased, with the conversion rate of foreign exchange income falling month-on-month. This indicates a stable market expectation despite geopolitical tensions causing international financial market volatility. In March, there was a net outflow of cross-border funds, but this reversed to a net inflow in April, with an average monthly net inflow of $14.9 billion over the two months. AI
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RANK_REASON This is a commentary on economic indicators related to foreign exchange, not a core AI development.