Capital outflow from China has reached a trillion dollars for 2015

The outflow of capital from China at the end of 2015 reached a trillion dollars. This according to Bloomberg. Only in December outflow amounted to 158.7 billion dollars, which was the second largest in the history of the index after the September 194 billion.

Acceleration of the outflow in the last month was the result of failed PBOC statements regarding changes in financial policy. Investors, as the agency is still in a state of uncertainty that the regulator will be able to achieve the stated objectives.

In general, the volume of capital flight has increased seven-fold over the previous year. At the same time China’s foreign exchange reserves fell for the year to $ 500 billion. China’s reserves have decreased for the first time since 1992.

The outflow of capital has led to a significant devaluation of the yuan. If at the beginning of 2015 the US dollar was worth less than 6.1 yuan, the 2016 th he approached the mark of 6.6 yuan. Therefore, the Chinese currency has lost about 8 percent of the cost

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