Xi’s battle to stop investors fleeing China may be about to get easier
A new International Monetary Fund analysis shows global capital flows have soared in the US and plummeted in China and emerging markets.
Washington | In the face of calls worldwide to diversify out of the dollar in recent years, the US has nabbed almost one-third of all the investment that flowed across borders since COVID-19 struck.
An International Monetary Fund analysis shows that the share of global flows has climbed – not fallen – since a shortage of dollars in 2020 spooked global investors and the 2022 freezing of Russian assets stoked questions about respect for free movement of capital. According to the IMF, the pre-pandemic US average share was just 18 per cent.
Bloomberg
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