Chinese Yuan Pressured by Biggest Capital Exodus Since 2016
- Overseas funds cut their holdings of China bonds in September
- Unfavorable US-China rate spread adding to outflows: Goldman
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Capital is exiting China at the fastest pace in more than seven years, piling extra pressure on the yuan.
The exodus has intensified in recent weeks as the nation’s teetering real estate industry casts a shadow over the world’s second-largest economy even after third-quarter growth surpassed economists’ expectations.