The Chinese government has been pulling out all the stops to woo investment from foreign firms, but the country maintains strict capital account controls over outbound payments. Photo: Reuters
China’s one-sided capital account controls face backlash as US weighs curbs on investment
- Beijing’s policy of strict controls on outbound capital is facing backlash in Washington and causing potential investors to drag their feet, analysts say
- White House is reportedly discussing ways to restrict US capital flows into China amid ongoing trade war
Follow your favourite topic and get notified
The Chinese government has been pulling out all the stops to woo investment from foreign firms, but the country maintains strict capital account controls over outbound payments. Photo: Reuters
