Comment on Not even the darkest minds imagined it would be this bad for China

Not even the darkest minds imagined it would be this bad for China

Reuters$1 trillion in capital left China in 2015. That's worse than even the most bearish China analysts could have even imagined. A few numbers put this in perspective: The monthly average of outflows from China used to be $11 billion a month. In the first six months of 2014, $26 billion left China. In all of 2014 $134.3 billion left China. The Chinese government predicted about $455 billion in outflows for 2015. In October, the US Treasury estimated that capital outflows from China hit $500 billion in the first eight months of 2015. In other words, the situation has deteriorated very rapidly, and everyone got it very wrong.

 

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