For the first time since 1998 more money leaves China than enters it
The affluent 1m have profited handsomely from China’s economic boom. But only 28% of those asked expressed great confidence in the prospects over the next two years, down from 54% in last year’s report. That unease may also be visible in a more obscure report released on the same day, by China’s State Administration of Foreign Exchange (SAFE). It showed that China’s balance of payments had recorded a deficit in the second quarter, for the first time since 1998. Put simply, more money was leaving China than arriving.
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The balance of payments: BoP until you drop | The Economist
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