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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

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Published Fri, Jan 15, 2016 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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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