Economics
China's Capital Controls Keep a Bad Year From Getting Worse
- Outflows have remained subdued even as yuan, stocks tumble
- A reason for optimism in a rough year for Chinese markets
The financial district of Pudong in Shanghai.
Photographer: Fred Dufour/AFP via Getty Images
This article is for subscribers only.
In many ways, it looks like the perfect environment for Chinese capital outflows: economic growth is slowing, U.S. interest rates are rising, and the yuan is trading near its weakest level in more than a decade.
Yet signs of an exodus from the world’s biggest emerging market are hard to find. What gives?