“The constant stream of capital outflows from China that have bedeviled global financial markets likely reached a record in November, according to estimates from Capital Economics. Julian Evans-Pritchard, China economist at the Singapore office of Capital Economics, has estimated that net capital outflows totaled $113 billion last month, accelerating from $37 billion in October. But getting an accurate picture of how much money is actually fleeing China is somewhat tricky. Despite the differences, observers note that the outflows reflect expectations for the yuan to weaken further as China’s economy slows.”
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