Chinese Yuan Headed For Biggest Annual Drop In 20 Years As Capital Outflows Accelerate
December 21, 2016
China’s capital outflow could accelerate further in coming months as the yuan depreciates and investors gain concerns about a strengthening dollar.
The warning from Banny Lam, head of research at CEB International Investment Ltd. in Hong Kong, came Monday, just days after Goldman Sachs Group warned China’s capital outflows are accelerating, with $69.2 billion reported leaving the country in November, nearly 20 percent more than in preceding months.