China Sees Biggest Outflow of Capital Since at Least 1998
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China’s capital account posted the widest deficit since at least 1998 in the fourth quarter as companies in the world’s second-largest economy increased overseas investment.
The capital account shortfall was $91.2 billion in the three months ended December, the Beijing-based State Administration of Foreign Exchange said on its website Tuesday. The current account surplus shrank to $61.1 billion, it said.