China exit? Russia crisis has businesses thinking the unthinkable
Capital flight may have already begun as investors fear Taiwan contingency
How would the financial hub of Shanghai fare in a Taiwan crisis? Big capital outflows from China have been observed since the start of the Ukraine war.
TOKYO -- The invasion of Ukraine has sent multinationals and investors in Russia scurrying to the exits. But something else is happening to global capital flows.
"Something big," according to Institute of International Finance Chief Economist Robin Brooks.
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