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Fears of capital flight heighten with falling yuan

Policymakers are watching outflows closely and are also stepping up scrutiny of major outbound deals

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Investors say the pressure on the yuan is nowhere near as extensive as it was late last year during the stock market slump and a surprise devaluation of the Chinese currency.

China

CHINA'S increasingly aggressive measures to clamp down on capital outflows will not have gone unnoticed by US hedge-fund manager Kyle Bass.

Mr Bass is famed for his successful bet against the US housing market in the global financial crisis, so markets monitor his comments

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