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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.

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International

International

Warnings flash for China money exodus after record outflows of over US$840b

International

Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia

Vietnam tycoon appeals against US$27 billion fraud death sentence

US announces new restrictions on firearm exports

Central banks will probably only cut half as much as they hiked

US consumer sentiment falls as inflation expectations climb

HSBC wins £1.3 billion suit over Disney film finance scandal

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