A statement from the State Administration of Foreign Exchange blamed seasonal factors for the larger than expected fall in foreign reserves, including forex purchases for overseas travel and bond repayments. Photo: Reuters
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

Forget the statements, China’s capital outflow is still enormous

The State Administration of Foreign Exchange says China’s capital outflow has ‘moderated a lot’, but calculating it the technical way shows a far different story

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A statement from the State Administration of Foreign Exchange blamed seasonal factors for the larger than expected fall in foreign reserves, including forex purchases for overseas travel and bond repayments. Photo: Reuters
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