Yuan turnover soars in sign of December outflow pressures

Beijing

THE onshore yuan's surging trading volume is another piece of evidence that capital is fleeing China at a faster pace.

The daily average value of transactions in Shanghai climbed to US$34 billion in December as of Monday, the highest since at least April 2014, according to data from China Foreign Exchange Trade System. That's up 51 per cent from the first 11 months of the year.