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
Topic |
China economy
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