The Institute of International Finance predicts global investors will pull $538bn out of China's economy in 2016; though this is down a fifth from the $674bn pulled out last year, the report warns this could pick up again if concerns re-emerge of a "disorderly" drop in the yuan. (Reporting by Marc Jones, editing by Larry King) China has been hit by an unprecedented wave of capital outflows since mid-2014, when it devalued its currency to boost exports.
The Institute of International Finance predicts global investors will pull $538bn out of China's economy in 2016; though this is down a fifth from the $674bn pulled out last year, the report warns this could pick up again if concerns re-emerge of a "disorderly" drop in the yuan. China has been hit by an unprecedented wave of capital outflows since mid-2014, when it devalued its currency to boost exports.