“The depreciation of the Chinese yuan in 2025 will surpass expectations, triggering widespread panic and capital flight in China,” predicted the former president of the investment banking division at China Construction Bank, Zhai Shanying, during a recent program.
Data released by Chinese authorities show that in November 2024, cross-border investment income reached 189 billion US dollars, while expenditures totaled 234.6 billion US dollars, resulting in a deficit of 45.7 billion US dollars. This marks the largest single-month shortfall in history and a record for capital outflows from China’s financial markets.
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