Stemming the Tide: Six Things China Can Do Next to Curb Outflows
- Nation may cap overseas spending on valuable items: economist
- Exporters could be forced to convert their forex proceeds
Why Money Keeps Flowing Out of China
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As cash continues to flood out of China, expectations are growing that the authorities will erect higher barriers.
With the nation’s capital outflows last year estimated at $728 billion by Standard Chartered Plc, and the yuan predicted to continue declining against the dollar in 2017, analysts have been casting forward to what the authorities may do next to stop funds from fleeing.