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National Bureau of Statistics of the People’s Republic of China

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Foreign capital exiting China at an accelerated pace


With the Chinese economy slowing down and its population dividend diminishing, foreign capital has been exiting the market at an accelerated pace, leading to concerns over a possible large-scale capital flight which may impact domestic banking capital and forex reserves, according to Duowei News, a media outlet run by overseas Chinese. A recent case in … Continue reading

‘Hidden income’ makes China’s rich wealthier than thought


Hong Kong — China’s urban rich are making far more than they officially report, suggesting the wealth gap in the world’s second largest economy is much higher than previously thought, according to a new study. The China Society of Economic Reform released a survey Monday that found “gray income” was 6.2 trillion yuan (U.S. $1 … Continue reading

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