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New Chinese data show foreign firms are net sellers of their direct investments in China and repatriating funds, with outflows exceeding $100 billion in the first three quarters of 2023. The article links the trend to rising US-China tensions and tighter Chinese regulation.
Capital outflows add downward pressure on the yuan, which can keep USDCNY higher and modestly weigh on China's growth outlook and its demand for imported commodities.
piie.comNov 17, 2023After 398 past bullish macro events, Chinese Yuan (CNY per USD) moved a median +0.0% over 5 sessions (56% higher; middle half -0.3% to +0.5%), and +0.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
