Posted inFinance

The Wealthy Are Getting Their Cash Out of China

By Antonio Graceffo Commentary For three years during COVID-19, money flowed into China while almost none flowed out. Now, the trend is reversing. Between 2014 and 2019, China experienced net capital outflows—meaning more money flowed out of the country than in. But beginning in 2020, with COVID travel restrictions and ratcheting control exerted by Chinese […]