December 7, 2015

THERE IS NO FUTURE THERE:

Money is flying out of China (Heather Long, 12/07/15, CNN Money)

On Monday, China's central bank reported $3.4 trillion in foreign exchange reserves, the lowest level since early 2013. November was one of the biggest drops ever.

Many investors are trying to get at least some of their money out of the country. Many Chinese see better opportunities abroad, whether it's real estate in New York or London, pricey art, or stocks and bonds in other countries.

Exact data is hard to come by from China, but Capital Economics forecasts that November set a record for people moving money out of China -- so-called capital outflows.

Posted by at December 7, 2015 5:41 PM

  

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