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Cash Leaks Out of China

from Regal Assets

China has recently been known as the cash nation. China is the nation where cash flows into and moves within its own economy. This is no longer the case as the wealthier Chinese citizens and privately owned companies are buying out of China. This is causing massive profits overseas.

According to Wall Street Journal, “China hasn’t reported on capital inflows and outflows since last year, but it is possible to gauge more recent flows using trade data, foreign-exchange reserves numbers released Saturday and other economic statistics. A Wall Street Journal analysis of that data suggests that in the 12 months through September, about $225 billion flowed out of China, equivalent to about 3% of the nation’s economic output last year.” This is a poor sign for China and could greatly affect their economy.

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