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2016-03-07 — bloomberg.com
Persistent capital outflows from China since mid-2014 were probably driven more by local companies paying down their dollar-denominated debt -- in anticipation of a stronger U.S. currency -- than investors ditching Chinese assets, according to the Bank for International Settlements.
... The BIS, which warned in December that emerging-market nations may be borrowing too much too quickly, examined a record $175 billion net decline in cross-border capital to China in the July-September period of 2015. Of that, the study showed just $12 billion of this was official reserves outflows, and the remainder was private outflows. Umm... what about after Sept., 2015?
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