A lot more money is leaving China than it should be.According to Deutsche Bank analysts led by Zhiwei Zhang, about $328 billion left China in secret between August 2015 and January this year.This is a huge number – about 78% of total capital outflows.Despite China running a trade surplus of about $60 billion a month, the country's FX reserves fell $420 billion in the last few months of 2015 as policymakers spent dollars to replace the missing yuan.
Chinese investors do not want to invest in communist economic plots, capital is too inefficient.
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