China constricts capital outflows with eye on yuan stability

[To-Whose-Benefit?]

reuters
11/11/2018

[excerpt]

https://www.reuters.com/article/us-china-markets-soft-landing-analysis/china-constricts-capital-outflows-with-eye-on-yuan-stability-idUSKCN1ML1SW

SHANGHAI (Reuters) - China’s latest attempts at restricting outward investment by its residents show just how nervous policymakers in the world’s second largest economy are about possible capital flight spurred by a broadening Sino-U.S. trade war.

Beijing has been gradually easing monetary and fiscal policy this year, as it seeks to steer the economy through a period of slowing domestic growth and declining stock markets against the backdrop of escalating trade tensions with Washington.

While the Chinese central bank has tightened its grip on the currency, which is down about 10 percent since the first salvos in the trade war were fired in March, it has refrained from direct intervention on a large scale to support the yuan, also known as the renminbi.


Winning! 

[Frank Cannon]

They are out of levers to pull. There is already a shitpile of their money overseas and no matter what they do they keep digging a deeper hole.

[To-Whose-Benefit?]

They are out of levers to pull. There is already a shitpile of their money overseas and no matter what they do they keep digging a deeper hole.

God Bless Donald Trump!

These woodpeckers should have been taken in hand decades ago.