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BIS gives alternative view on China's outflows

It says capital outflows likely driven more by local firms paying down US dollar-denominated debt than investors ditching assets
Tuesday, March 8, 2016 - 05:50

London

PERSISTENT capital outflows from China since mid-2014 were probably driven more by local companies paying down their dollar-denominated debt - in anticipation of a stronger US currency - than investors ditching assets, according to the Bank for International Settlements.

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