SUBSCRIBERS
Warnings flash for China money exodus after record outflows of over US$840b
Households sitting on US$85.2b of foreign currency, according to latest data till last Nov
Published Fri, Jan 15, 2016 · 09:50 PM
Shanghai
KAREN Chou, a 32-year-old bank worker in Beijing, had a New Year's resolution: sell yuan, buy dollars.
"I'm not optimistic about China's economy," she said, after rushing to exchange some of her savings for US currency as part of heightened demand at some Chinese bank branches in the first weeks of 2016.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China says Hamas and Fatah express will for reconciliation
US consumer confidence at lowest level since 2022
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US
Sri Lanka’s key inflation rate rises to 1.5% in April