China PBOC's Yi says China to buy more, not sell less
Golf clubs, made in China, are sold a sporting goods store in the Washington area January 14, 2011. U.S. and Chinese companies will sign a number of business deals when Chinese President Hu Jintao visits Washington next week, a leading U.S. business group said on Friday. REUTERS

China will try to seek balance in international payments by boosting imports, not cutting exports, Yi Gang, a vice governor with the People's Bank of China, said on Saturday.

Yi, who is also the head of China's State Administration of Foreign Exchange, added that hot money inflows into China were quite small and China's cross-border capital flows were generally in line with real economic activities.

Yi made the comments on the sidelines of an academic meeting hosted by the Chinese Economists 50 Forum, a Beijing-based think-tank.

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