Economics
China Capital Outflows Rise to Estimated $1 Trillion in 2015
- Capital exiting underscores bearish sentiment on yuan
- Outflows increased to estimated $158.7 billion in December
Chinese one-hundred yuan banknotes at the Korea Exchange Bank headquarters in Seoul.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
China’s capital outflows jumped in December, with the estimated 2015 total reaching $1 trillion, underscoring the scale of the battle facing policy makers trying to hold up the yuan amid slower economic growth and slumping stocks.
Outflows increased to $158.7 billion in December, the second-highest monthly outflow of the year after September’s $194.3 billion, according to estimates compiled by Bloomberg Intelligence. The total for the year soared more than seven times from $134.3 billion in the whole of 2014 to a record for Bloomberg Intelligence data dating back to 2006.