Capital flight from China

NY Times:

As Economy Slips, Wealthy Chinese Move Money Out

An exodus of capital, in which companies and individuals are moving large sums of money out of China for fear of currency devaluation, is casting doubt on the nation’s economic prospects.
It appears the government has earned the distrust of those with the most wealth.  Some of that money could be coming back to the US.

Comments

Popular posts from this blog

Iraq says civilian casualties in Mosul caused by ISIS booby trap, not US air strike

Liberal fascists strike against Trump supporters in Berkeley

OPEC reduces production again in price maintenance program