China says economy improving, capital outflows cooling

Beijing

CHINA'S economy is showing signs of improvement while capital outflows from the country are moderating, top Chinese officials said on Sunday, seeking to shore up investor confidence after recent market volatility.

Chinese leaders have repeatedly tried to reassure jittery financial markets and China's major trading partners that Beijing is able to manage the slowing economy, following a slide in the country's stock market and depreciation of the yuan.