Posted 12/14/2023, 11:21:40 AM
Chinese Capital Takes Flight to Singapore As Economic Troubles Deepen
- New era of massive capital flight out of China due to economic troubles and unpredictable government
- Outflows estimated up to $500 billion disguised in murky data
- Singapore emerging as new hotspot for Chinese investment with influx buoying banks
- Chinese buyers purchasing more expensive overseas properties to live in as investment destinations dry up
- This capital flight may prove more enduring than 2015-16 panic since no sudden recovery expected