It took until November 2015 for China to see as much capital outflow through the banking system as it has seen through May. This number shows excess of payments for imports/foreign investments versus receipts through the banking system, which isn't a pure estimate of the outflow (Chinese data being what it is), but it does show whatever happened last year is happening to a larger degree this year.
Background to the number at Balding's World: Why China Does Not Have a Trade Surplus
Is stagflation temporary?
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I have been gazumped by two red-hot inflation reports in two days, even as
growth slows sharply in Australia and the US. First, in Australia,
quarterly d...
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