China’s capital outflows accelerated sharply in July, reaching a record high as investors seized new opportunities to diversify overseas. According to Bloomberg, domestic banks transferred a net $58.3 ...
China’s capital outflows rose to a record in July, driven by mainland investors’ aggressive buying of Hong Kong assets following new market liberalization measures. Domestic banks wired a net $58.3 ...
Today China is spending about 1% of its GDP a month to keep its currency from appreciating - it is on track to spend about 15% of its GDP fighting appreciation this year. And unless something changes, ...
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