We’ve written a lot about capital outflows from China![ext]()
, what Beijing is doing to try to stem the flows![ext]()
, and how all this impacts the renminbi. Most of the time, the talk is about billions of dollars whizzing around the financial markets, one way or other. Yet, it seems that China’s capital outflow is accelerating even in its simplest form — yes, we mean bundles of cash hidden in suitcases.
It’s seriously old school, and seems almost quaint, but the sums are sizeable.
Continue reading: China’s FX exodus: the suitcase edition![ext]()
Reported by FT.com 1 hour ago.
, what Beijing is doing to try to stem the flows, and how all this impacts the renminbi. Most of the time, the talk is about billions of dollars whizzing around the financial markets, one way or other. Yet, it seems that China’s capital outflow is accelerating even in its simplest form — yes, we mean bundles of cash hidden in suitcases.It’s seriously old school, and seems almost quaint, but the sums are sizeable.
Continue reading: China’s FX exodus: the suitcase edition
Reported by FT.com 1 hour ago.