Economists at Standard Chartered are out with their report on China’s capital outflows for the month of October.
Key Quotes:
“Our tracker shows only a marginal increase in non-FDI capital outflows in October as CNY strengthened.
Merchandise trade surplus widened as decline in exports eased; FDI and ODI largely evened out.
Overall cross-border flows stayed balanced; SAFE data indicates increasing incentive to keep FX.
Trade deal optimism likely limited rise in capital outflows.”