Financial Times/James Kynge/12-1-2016
“[Officials] fear that Chinese corporations and citizens will decide en masse that they would be better off taking their money abroad to buy companies or invest in gold, stocks or real estate. Such capital flight could sap the liquidity that is required to keep China’s bubble from popping.”
MK note: China has “sent its printing presses into overdrive,” says Financial Times columnist James Kynge. So what’s next? Some interesting history and conjecture in this op-ed.
