# China outflows rising in both yuan payments, forex: Goldman Sachs - The Business Times

> Goldman Sachs says China's capital outflows are accelerating, with a net $69.2 billion leaving in November. The yuan is heading for its biggest annual decline in more than 20 years, and the central bank has been selling larger amounts of foreign exchange.

- Date: 2016-12-19 · published 2016-12-19T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/73698-china-outflows-rising-in-both-yuan-payments-forex-goldman-sachs-the-business
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Accelerating outflows and yuan depreciation raise the dollar cost of Chinese feed imports and could weigh on Chinese demand for soybeans and meal.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2022-11-30 | [Volatility in yuan spurs bets China will widen its band - The Business Times](https://feedsoft.ai/events/38901-volatility-in-yuan-spurs-bets-china-will-widen-its-band-the-business-times.md) | -2.3% | -2.5% |
| USDCNY | 2023-10-23 | [China Sept forex outflows hit $75 bln, biggest since 2016 - Goldman](https://feedsoft.ai/events/33856-china-sept-forex-outflows-hit-75-bln-biggest-since-2016-goldman.md) | +0.0% | -2.0% |
| USDCNY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | -0.5% | -0.5% |
| USDCNY | 2023-03-08 | [China's yuan weakens to 2-month low, with key 7-per-dollar level in sight  - The Business Times](https://feedsoft.ai/events/37091-china-s-yuan-weakens-to-2-month-low-with-key-7-per-dollar-level-in-sight-the.md) | -1.3% | -1.2% |
| USDCNY | 2025-05-14 | [China’s yuan falls from six-month peak on rising dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/24887-china-s-yuan-falls-from-six-month-peak-on-rising-dollar-demand-markets-business.md) | +0.2% | -0.2% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/international/china-outflows-rising-both-yuan-payments-forex-goldman-sachs

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