BARCLAYS: China capital outflows at 'near-record' levels
One year ago - By Business Insider
Money is flowing out of China again.
Spurred on by a strengthening dollar and weakening Chinese currency, there was "a near-record net capital outflow" of $207 billion in the third quarter this year, according to a note from Barclays.
Barclays analysts Jian Chang and Yingke Zhou said: "Firmer expectations of a Fed rate hike and a stronger USD under President-elect Trump's expected fiscal and industrial policies point to continued capital outflow pressures for China, in our view."
"Other indicators, such as banks' cross-border payments and receipts, and banks' FX purchase and sales, also...
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