Capital Is Fleeing China At Fastest Rate In 7 Years

Posted on by http://wealthcreation.club
🇨🇳 🇨🇳 Capital is exiting China at the fastest pace in more than seven years, piling extra pressure on the yuan. Onshore banks sold a net $19.4 billion of foreign currencies to their clients last month, the most since November 2018. Banks also sent a net $53.9 billion overseas on behalf of their customers, the biggest monthly outflow since January 2016

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