China expected to see $538 billion capital exodus in 2016, IIF says | Reuters
LONDON Global investors are expected to pull $538 billion out of China's slowing economy in 2016, the Institute of International Finance estimated on Monday, although the pace of outflows has dropped.
That number would be down a fifth from the $674 billion pulled out last year, the industry association said, but could accelerate again if fears of a "disorderly" drop in the yuan re-emerge.
(Reporting by Marc Jones, editing by Larry King)
This story has not been edited by Firstpost staff and is generated by auto-feed.
First Published On : Apr 25, 2016 23:30 IST