Why capital is fleeing China and what it means for Australia
- Written by Alice de Jonge, Senior Lecturer, International Law; Asian Business Law, Monash University
China's foreign reserves are declining. ShutterstockForeign reserves at the People’s Bank of China (PBoC), China’s central bank, fell for the fifth consecutive month in November, dropping by US$69.1 billion to US$3.1 trillion. This is a level not seen since 2011, with reserves shrinking more than US$500 billion this year alone.
The...
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