Laura He
Hong Kong (CNN Business)Investors are ditching China on an unprecedented scale as a cocktail of political and business risks, and rising interest rates elsewhere, make the world's second biggest economy a less attractive place to keep their money.
China witnessed $17.5 billion worth of portfolio outflows last month, an all-time high, according to most recent data from the Institute of International Finance (IIF). The US-based trade association called this capital flight by overseas investors "unprecedented," especially as there were no similar outflows from other emerging markets during this period. The outflows included $11.2 billion in bonds, while the rest were equities.
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