China expected to see $538 billion capital exodus in 2016, IIF says

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Reuters LONDON
Last Updated : Apr 25 2016 | 6:42 PM IST

By Marc Jones

LONDON (Reuters) - Global investors are expected to pull $538 billion out of China's slowing economy in 2016, the Institute of International Finance estimated on Monday, although the pace of outflows has dropped.

That number would be down a fifth from the $674 billion pulled out last year, the industry association said, but could accelerate again if fears of a "disorderly" drop in the yuan re-emerge.

(Reporting by Marc Jones, editing by Larry King)

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First Published: Apr 25 2016 | 6:26 PM IST

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