China tourism and unrecorded capital outflows: how travel tells a tale

As an avenue of unofficial and unrecorded capital flight, tourism has always been the perfect conduit, but this is becoming increasingly difficult, according to a new report from Natixis.

China’s official narrative holds that investors can expect a steady and orderly opening up of its capital account, which will enable them to make inbound as well as outbound investments. However, recent data suggests that, if anything, the country’s capital controls are becoming stricter.

¬ Haymarket Media Limited. All rights reserved.

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