Massive Money Outflow: Billions Leaving China

NTD Newsroom
By NTD Newsroom
October 17, 2023China in Focus

Hundreds of millions of dollars are pouring out of China with investor fears growing about China’s teetering economy.

A Bloomberg report anticipates the cash flowing out of China could reach $150 billion by the end of the year.

China expert and branch president of The Epoch Times Hong Kong, Guo Jun, says making money in China may become more difficult, and that financial security isn’t guaranteed.

Liang Shaohua, a former Chief Compliance Officer at Sun Life Everbright Asset Management, explained that using advanced payments, false contracts, and employee salaries are among other options for moving money.

The experts further analyze the report.


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