Economics
China Sees ‘Unprecedented’ Capital Outflow Since War, IIF Says
- China saw outflows even as other emerging markets held up
- Foreigners sold a record amount Chinese bonds in February
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China has seen investors pull money out of the country on an “unprecedented” scale since Russia invaded Ukraine in late February, marking a “very unusual” shift in global capital flows in emerging markets, according to the Institute of International Finance.
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 Thursday.