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1.Market Observations, 8.Was Sticky

9 Aug 2017 (AFR) – China’s strict capital controls are working

(9 August 2017, AFR, p11, by Lisa Murray)

‘The Chinese government appears to be winning the battle against capital flight, armed with a set of regulatory controls and helped along by a weaker US dollar. After capital flowed out of the country in record amounts last year, eroding China’s reserves, the government started to pull in the reins, strengthening oversight of big overseas acquisitions and tightening up on foreign exchange transactions. The crackdown on overseas deal-making has affected…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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