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China's
Capital Flight Syndrome*
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Jan
30th 2017, C.P. Chandrasekhar
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The
sudden collapse in reserves due to an outflow of capital
in a country that was considered the favoured destination
for FDI points towards the fact that China is now paying
the price for the capital account liberalisation measures
adopted with its entry into the WTO.
*
This
article was originally published in the Economic
& Political Weekly, Vol. 52, Issue No.
2, 14 Jan, 2017. |
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