Capital outflows continued in August

China records sharp rise in capital outflows

The central bank and commercial banks sold a net 17.4 billion yuan (HK$21.3 billion) in foreign exchange last month, compared with net sales of 3.82 billion yuan in July.

However, economists say the trend may reverse after the Federal Reserve launched the third round of quantitative easing to stimulate the US economy, which may weaken the US dollar and prompt funds to flow into emerging markets such as China.

That is the $64 trillion question.