China covering lack of incoming capital by divesting offshore holdings.
[Twitter]
19/ Hence, #China has been divesting its presence from abroad to cover for the lack of incoming capital. In 2016 China’s Net Outward Investments (Investments - Divestments) reached 278bn USD, this number came down to 29bn USD in 2018 and is likely to go negative in 2019. pic.twitter.com/ee1jiR3QIc
