A virtual tidal wave of Chinese money will be the “biggest transformation event” for world markets over the next five years, according to Charles Dumas, chairman and chief economist at Lombard Street Research.
Nearly $4.5 trillion dollars is expected to exit China as exchange controls are gradually removed. Although the capital outflows will not be an immediate inundation, Dumas expects the Chinese authorities to remove and relax controls over several years. The amount is double the amount of mon
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