A Chinese clerk counts US dollar and yuan banknotes at a bank in Nantong city, Jiangsu province, China. Photo: AFP
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

Why fears of mass capital flight from China are overblown

Forget the apocalyptic predictions – the drawdown in Beijing’s foreign reserves has been misinterpreted

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A Chinese clerk counts US dollar and yuan banknotes at a bank in Nantong city, Jiangsu province, China. Photo: AFP
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