China capital flight hits record high as yuan plunges

RT  |   2015-09-26 05:34
hmong news 1234583057


The outflow accelerated in August following China's shock devaluation of the yuan. The Central Bank of China has cut its daily reference rate by 1.9 percent, its biggest downward adjustment in 20 years. The aim, it said, was to revive faltering exports.
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