May
07
The Hot Money Cools on China
By
The Lujiazui district of Shanghai on April 24.Some $300 billion has been moved out in the past six months
While the world marvels at the rise of Chinese stock prices, money is quietly leaving the country at the fastest pace in at least a decade. Louis Kuijs, Royal Bank of Scotland’s chief China economist, estimates that China lost $300 billion in financial outflows in the six months through March. Deltec International, a Bahamas investment firm, puts the number even higher…
