Report Explains China’s Capital Outflows: It’s as Bad as You Expected

Report Explains China’s Capital Outflows: It’s as Bad as You Expected
Chinese pedestrians walk passed a display for the upcoming Year of the Monkey for the Chinese New Year at a market on Jan. 19, 2016 in Beijing. Kevin Frayer/Getty Images
Valentin Schmid
Updated:

After some terrible data in January, the Chinese economy is out of the woods for the rest of the year. The Chinese lunar year that is, because until Feb. 7, 2016, there are only two official data releases, neither of them terribly important.

But even if we will be spared confusing trade data, bad manufacturing and GDP figures, as well as the constant drain on foreign exchange reserves, it doesn’t mean analysts can’t come up with their own estimates of economic data and spook the markets.

Like the International Institute of Finance (IFF), for example, which said that Chinese capital outflows were as high as $676 billion in 2015.

International Institute of Finance
International Institute of Finance
Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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