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Ex-PBOC Adviser Sees Risk of China Outflows Along With Other EMs

  • Li Daokui recommends caution on China capital account opening
  • PBOC needs to watch for contagion risk in bond market
Li Daokui
Li DaokuiPhotographer: Visual China Group/Getty Images
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China faces the threat of foreign outflows from the second half of the year as rising borrowing costs in the U.S. drives investors out of emerging markets, according to a former adviser to China’s central bank.