Capital Flight Intensifies in China amid Zero Covid, Real Estate Crisis

Real Estate
#chinanews #chinaeconomy #zerocovid

Foreign and domestic investors pulling capital out of China following the appointment of President Xi Jinping to a third term in office, as zero covid and a continuing real estate crisis threaten China’s economic growth.

Capital flight is becoming a real concern in China, as investors no longer see a business-friendly regime in Beijing, and are looking to pull their money out. Domestic investors are circumventing capital controls, and moving their money offshore.

Links:

Xi Starts Third Term With GDP Showing China Economy in Doldrums:

https://ca.news.yahoo.com/xi-starts-third-term-gdp-073807977.html

Foreigners Flee China Stocks at Record Pace as Rout Worsens:

https://www.bloomberg.com/news/articles/2022-10-25/foreigners-flee-china-stocks-at-record-pace-as-panic-spreads

China delays release of key economic data amid party congress:

https://www.reuters.com/world/china/china-delays-release-economic-indicators-including-q3-gdp-2022-10-17/

China GDP beats with a bounce in the third quarter, delayed data shows:

https://www.cnbc.com/2022/10/24/china-third-quarter-gdp.html

China Home Prices Fall for 13th Month as Property Woes Persist:

https://www.bloomberg.com/news/articles/2022-10-24/china-home-prices-fall-for-13th-month-as-property-woes-persist

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Chinese Markets Tumble as Newly-Crowned Xi Takes Aim at Wealthy:

https://finance.yahoo.com/news/chinese-markets-tumble-newly-crowned-031714598.html

China’s wealthy activate escape plans as Xi Jinping extends rule:

https://www.ft.com/content/3e2376bf-24ef-407f-b0b0-c60bed4ec97b

Why Is The U.S. Dollar So Strong Right Now?:

https://www.forbes.com/advisor/investing/strong-dollar/

China’s Q3 GDP 3.9% y/y (expected 3.3%):

https://www.forexlive.com/news/chinas-q3-gdp-39-yy-expected-33-20221024/

China’s Q4 GDP hits early speed bump as COVID stifles economy:

https://www.reuters.com/world/china/chinas-q4-gdp-hits-early-speed-bump-covid-stifles-economy-2022-10-25/

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