Related News
Record fund outflows of US$500b seen
Print Edition
China will post record capital outflows in 2015 of more than US$500 billion, according to a report by the Institute of International Finance.
The IIF, an authoritative tracker of emerging market capital flows, said the world’s second-largest economy is likely to see US$150 billion in capital outflow in the fourth quarter of the year, following the third quarter’s record US$225 billion.
The estimate is based on trade data, Chinese banks’ transactions on the behalf of clients, and changes in central bank reserves, the report said.
“The latest high-frequency indicators show that Chinese exports continued to decline for a fifth consecutive month in November, with the trade surplus narrowing to US$54 billion from US$62 billion in October,” the report said over the weekend.
Foreign exchange reserves had fallen around US$87 billion to US$3.44 trillion during the month to the lowest since February 2013.
China said on Friday that it had begun issuing a yuan exchange rate against a basket of currencies to deter investors from exclusively tracking the yuan’s swings against the US dollar.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
