# Experts urge tighter scrutiny of cross-border capital flows - Chinadaily.com.cn

> Chinese economists urged tighter scrutiny of cross-border capital flows after the US Senate approved a tax bill cutting the corporate rate to 20% from 35%. They expect the bill to prompt profit repatriation, attract capital into the US and lift the dollar.

- Date: 2017-12-05 · published 2017-12-05T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/67716-experts-urge-tighter-scrutiny-of-cross-border-capital-flows-chinadaily-com-cn
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

A stronger dollar and capital outflows from China would put pressure on the yuan and raise the local cost of dollar-priced feed imports. The effect on grain prices depends on how far the dollar moves.

## Read by commodity

- DXY: bullish ▲
- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-12-03 | [External developments main cause of foreign capital outflow](https://feedsoft.ai/events/61801-external-developments-main-cause-of-foreign-capital-outflow.md) | +0.2% | -0.6% |
| DXY | 2016-12-27 | [Beijing desperate to stem tide of capital outflow  - Nikkei Asia](https://feedsoft.ai/events/73703-beijing-desperate-to-stem-tide-of-capital-outflow-nikkei-asia.md) | +0.3% | -1.3% |
| DXY | 2022-03-17 | [FX Daily: Risk Assets Warmly Greet Fed Tightening \| Investing.com](https://feedsoft.ai/events/42204-fx-daily-risk-assets-warmly-greet-fed-tightening-investing-com.md) | -0.7% | -0.5% |
| DXY | 2018-10-23 | [Fear of foreign capital exodus growing  - The Korea Times](https://feedsoft.ai/events/62760-fear-of-foreign-capital-exodus-growing-the-korea-times.md) | +0.6% | +0.9% |
| DXY | 2017-03-08 | [US rate rise expected, Thai outflows surge, baht weakens](https://feedsoft.ai/events/72261-us-rate-rise-expected-thai-outflows-surge-baht-weakens.md) | +0.1% | -1.2% |
| USDCNY | 2025-02-27 | [China steps up scrutiny of capital flows as yuan depreciates](https://feedsoft.ai/events/26288-china-steps-up-scrutiny-of-capital-flows-as-yuan-depreciates.md) | -0.1% | +0.1% |
| USDCNY | 2017-02-07 | [USD/CNY to rise as China’s capital outflows intensifies: Strategist](https://feedsoft.ai/events/72721-usd-cny-to-rise-as-china-s-capital-outflows-intensifies-strategist.md) | +0.3% | +0.6% |
| USDCNY | 2016-12-05 | [Market bears smell blood as China scrambles to plug capital outflows](https://feedsoft.ai/events/73676-market-bears-smell-blood-as-china-scrambles-to-plug-capital-outflows.md) | +0.3% | +1.1% |

## Sources

- global.chinadaily.com.cn: https://global.chinadaily.com.cn/a/201712/05/WS5a261168a310cd1dae711ccc.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.