China sees ‘unprecedented’ capital outflows after Russia invades Ukraine


Global investors have withdrawn money out of China on an “unprecedented” scale since Russia invaded Ukraine in late February, according to a report by the Institute of International Finance (IIF), with the yuan likely to face more pressure in coming months.High-frequency data detected large portfolio outflows from Chinese stocks and bonds, even as flows to other emerging markets held up, the IIF wrote in a report on Thursday.“Outflows from China on the scale and intensity we are seeing are…


Source link

About Daily Multan

Check Also

Hong Kong High Court denies bail to ex-leader of Tiananmen Square vigil

Judge rules that Lee Cheuk-yan is a high risk for absconding and orders he should …

Leave a Reply

Your email address will not be published. Required fields are marked *