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China's outflows may be worse than they look

Goldman Sachs also warns that a rising amount of capital is exiting country in yuan rather than in US dollars; official data shows that US$27.7b in yuan payments left China in Aug
Wednesday, October 12, 2016 - 05:50

Beijing

CHINA'S currency outflows may be bigger than they look, with Goldman Sachs Group Inc warning that a rising amount of capital is exiting the country in yuan rather than in US dollars.

While the nation's foreign-exchange reserves have stabilised and lenders' net foreign-