BEIJING -- Chinese corporate and household funds crossing the border to other countries exceeded inflows in 2023, marking the first such capital flight in five years.
Economic stagnation diminishes market's power to retain capital
Chinese corporations and households experienced a net money outflow of $68.7 billion last year, according to official data. © Reuters
BEIJING -- Chinese corporate and household funds crossing the border to other countries exceeded inflows in 2023, marking the first such capital flight in five years.