China Capital Exodus Reaches Record Speed on Tariff Threat
- Tariff threat, yield gap with US fueling China outflow: Mizuho
- Data also show global funds are dumping Chinese bonds
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China suffered the biggest outflow on record from its financial markets last month as the prospect of higher US tariffs posed more risks for the world’s second-largest economy.
Domestic banks wired a net $45.7 billion of funds overseas on behalf of their clients for securities investment, according to data released by the State Administration of Foreign Exchange on Monday. That amount accounts for foreign investment in China as well as local residents’ purchases of overseas securities.