China's $175 Billion Outflow Wasn't Investor Flight: BISBy
Companies repaying dollar debt provoked much of the flow
BIS dissects opinions of currency moves that spooked investors
Persistent capital outflows from China since mid-2014 were probably driven more by local companies paying down their dollar-denominated debt -- in anticipation of a stronger U.S. currency -- than investors ditching assets, according to the Bank for International Settlements.
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