China’s Record Capital-Account Outflows Pile Pressure on Yuan
Posted: Jan 19, 2025
- Chinese Yuan has slid almost 3% in the past three months amid dollar gains
- China's capital account saw record outflows last year as investors looked for better returns abroad
- Payments for capital and financial transactions surpassed those for the current account
- Management of the capital account in China may become more stringent: BBVA
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