China sees 'unprecedented' outflows since Russian invasion of Ukraine

China has seen "unprecedented" daily outflows since Russia's invasion of Ukraine in late February, according to data from the Institution of International Finance. The organisation called the activity in global capital flows into emerging markets "unusual" because China has consistently seen steady inflows throughout the ups and downs over the last two years, "even through China-specific shocks like US tariffs and the early stages of Covid". IIF researchers added: "So it is all the more notable that we are now seeing unprecedented capital outflows from China, which began after Russia'...