• BARCLAYS: China capital outflows at 'near-record' levels

    5 days 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...
    Read more ...