May 11, 2015
THE FUTURE DOESN'T HAPPEN THERE:
The Hot Money Cools on China (Enda Curran, Fion Li, Peter Coy, May 7, 2015, Bloomberg)
While the world marvels at the rise of Chinese stock prices, money is quietly leaving the country at the fastest pace in at least a decade. Louis Kuijs, Royal Bank of Scotland's chief China economist, estimates that China lost $300 billion in financial outflows in the six months through March. Deltec International, a Bahamas investment firm, puts the number even higher.
Posted by Orrin Judd at May 11, 2015 1:07 PM
Tweet