BEIJING/TOKYO -- China has flexed its financial muscle to strengthen its international influence in recent years, but the country is fast approaching a point where it may have to rethink its strategy.
The International Monetary Fund forecasts that China's current-account balance will turn negative in 2022, due to the effects of the U.S. trade war and other developments. Under the surface, a huge outflow of money is widening beyond the control of the government's strict regulators.
