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China stanches flow of money out of the country, data suggests

Stability in the country's forex reserves and a slight appreciation of the renminbi against the dollar indicate a shift in strategy, say economists and bankers

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Investor bets that the renminbi would weaken spurred money outflows. But as expectations of a short-term fall in the currency faded, investors mostly stopped moving funds out of the country.

Hong Kong

CHINA rattled markets around the world last year when vast sums of money began flowing out of the country. Estimated at nearly US$1 trillion, the money flows represented growing scepticism that China would be able to fix its deep problems and resume its place as a driver of

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