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)

Reuters April 25, 2016 23:30:13 IST
China expected to see $538 billion capital exodus in 2016, IIF says 
| Reuters

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.

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