China’s capital outflows widen, but US trade war currency deal could ease pressures

It is mostly those well-connected and the elites that bring their families and their cash outside China. And the stampede has intensified during the last 24 months as the sky-high real estate prices on the Noth American Pacific coast and in Australia as well as New Zealand show. Some outflow is normal but this is a deluge. Those elites know something. And when Trump wins in 2020 there will be pandemonium. China is a giant on clay feet. Don’t build an energy project by assuming that China will take all your produce off your hands.

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