{"id":191001,"date":"2021-02-25T09:16:54","date_gmt":"2021-02-25T07:16:54","guid":{"rendered":"https:\/\/maritimes.gr\/china-the-surge-in-capital-flows-may-be-just-beginning\/"},"modified":"2021-02-25T09:16:54","modified_gmt":"2021-02-25T07:16:54","slug":"china-the-surge-in-capital-flows-may-be-just-beginning","status":"publish","type":"post","link":"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/","title":{"rendered":"China: The surge in capital flows may be just beginning"},"content":{"rendered":"

\"\"<\/p>\n

Details and the full research briefing are below (PDF format). Media may reproduce our charts with attribution to Oxford Economics.<\/p>\n

Key points:<\/strong><\/p>\n

\u2022 China\u2019s capital in- and outflows have risen strongly since early 2020, following the easing of policy restrictions both ways. However, China\u2019s integration into the global financial system has only just begun, and the potential for capital flows to expand further is large, especially for portfolio flows.<\/p>\n

\u2022 Rising capital inflows have largely been in the form of foreign direct investment (FDI) and portfolio flows. Foreign interest in Chinese assets has recently risen markedly, with foreign investors\u2019 equity and bond holdings boosted by the country\u2019s robust economic growth and relatively high interest rates.<\/p>\n

\u2022 The strong inflows, in turn, have led policymakers to ease their stance regarding capital outflows. In this context, capital outflows also surged in 2020, to a record US$213 billion in Q3, and a further rise in Q4 is likely.<\/p>\n

\u2022 With outflows exceeding inflows, net financial outflows amounted to US$83<\/p>\n

billion in Q3 and US$106 billion in Q4. The sizeable net outflows are the reason reserves rose only modestly in 2020, despite a substantial current account surplus \u2013 US$299 billion in 2020, or 2% of GDP.<\/p>\n

Click here<\/a><\/strong> for the full research briefing<\/p>\n

“While China\u2019s cross-border financial holdings as a share of GDP are comparable to those in other large middle-income emerging markets, they\u2019re low compared to developed economies, underscoring the potential for them to expand further in coming years, with Hong Kong likely to continue to play an important role.” – Louis Kuijs, Head of Asian Economics<\/p>\n

About Oxford Economics:<\/em><\/p>\n

Oxford Economics is one of the world’s foremost independent global advisory firms, providing reports, forecasts and analytical tools on 200 countries, 150 industrial sectors and 7,000 cities and regions. Its best-in-class global economic and industry models and analytical tools provide an unparalleled ability to forecast external market trends and assess their economic, social, and business impact.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Details and the full research briefing are below (PDF format). Media may reproduce our charts […]<\/p>\n","protected":false},"author":23,"featured_media":190999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[297],"tags":[],"class_list":["post-191001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-english"],"yoast_head":"\nChina: The surge in capital flows may be just beginning - Maritimes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China: The surge in capital flows may be just beginning - Maritimes\" \/>\n<meta property=\"og:description\" content=\"Details and the full research briefing are below (PDF format). Media may reproduce our charts [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/\" \/>\n<meta property=\"og:site_name\" content=\"Maritimes\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-25T07:16:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/maritimes.gr\/wp-content\/uploads\/2021\/02\/d0e2ef2d3bd449999923985ae5341585.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"101\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"maritimes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"maritimes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/\"},\"author\":{\"name\":\"maritimes\",\"@id\":\"https:\/\/maritimes.gr\/#\/schema\/person\/7295cde1ca3b52f05bfbcccfd749ef9e\"},\"headline\":\"China: The surge in capital flows may be just beginning\",\"datePublished\":\"2021-02-25T07:16:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/\"},\"wordCount\":326,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/maritimes.gr\/wp-content\/uploads\/2021\/02\/d0e2ef2d3bd449999923985ae5341585.jpg\",\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/\",\"url\":\"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/\",\"name\":\"China: The surge in capital flows may be just beginning - Maritimes\",\"isPartOf\":{\"@id\":\"https:\/\/maritimes.gr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/maritimes.gr\/wp-content\/uploads\/2021\/02\/d0e2ef2d3bd449999923985ae5341585.jpg\",\"datePublished\":\"2021-02-25T07:16:54+00:00\",\"author\":{\"@id\":\"https:\/\/maritimes.gr\/#\/schema\/person\/7295cde1ca3b52f05bfbcccfd749ef9e\"},\"breadcrumb\":{\"@id\":\"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/#primaryimage\",\"url\":\"https:\/\/maritimes.gr\/wp-content\/uploads\/2021\/02\/d0e2ef2d3bd449999923985ae5341585.jpg\",\"contentUrl\":\"https:\/\/maritimes.gr\/wp-content\/uploads\/2021\/02\/d0e2ef2d3bd449999923985ae5341585.jpg\",\"width\":1024,\"height\":101},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0391\u03c1\u03c7\u03b9\u03ba\u03ae\",\"item\":\"https:\/\/maritimes.gr\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"China: The surge in capital flows may be just beginning\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/maritimes.gr\/#website\",\"url\":\"https:\/\/maritimes.gr\/\",\"name\":\"Maritimes\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/maritimes.gr\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/maritimes.gr\/#\/schema\/person\/7295cde1ca3b52f05bfbcccfd749ef9e\",\"name\":\"maritimes\",\"url\":\"https:\/\/maritimes.gr\/en\/author\/maritimes\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"China: The surge in capital flows may be just beginning - Maritimes","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/","og_locale":"en_GB","og_type":"article","og_title":"China: The surge in capital flows may be just beginning - Maritimes","og_description":"Details and the full research briefing are below (PDF format). Media may reproduce our charts [...]","og_url":"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/","og_site_name":"Maritimes","article_published_time":"2021-02-25T07:16:54+00:00","og_image":[{"width":1024,"height":101,"url":"https:\/\/maritimes.gr\/wp-content\/uploads\/2021\/02\/d0e2ef2d3bd449999923985ae5341585.jpg","type":"image\/jpeg"}],"author":"maritimes","twitter_card":"summary_large_image","twitter_misc":{"Written by":"maritimes","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/#article","isPartOf":{"@id":"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/"},"author":{"name":"maritimes","@id":"https:\/\/maritimes.gr\/#\/schema\/person\/7295cde1ca3b52f05bfbcccfd749ef9e"},"headline":"China: The surge in capital flows may be just beginning","datePublished":"2021-02-25T07:16:54+00:00","mainEntityOfPage":{"@id":"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/"},"wordCount":326,"commentCount":0,"image":{"@id":"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/#primaryimage"},"thumbnailUrl":"https:\/\/maritimes.gr\/wp-content\/uploads\/2021\/02\/d0e2ef2d3bd449999923985ae5341585.jpg","articleSection":["Economy"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/","url":"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/","name":"China: The surge in capital flows may be just beginning - Maritimes","isPartOf":{"@id":"https:\/\/maritimes.gr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/#primaryimage"},"image":{"@id":"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/#primaryimage"},"thumbnailUrl":"https:\/\/maritimes.gr\/wp-content\/uploads\/2021\/02\/d0e2ef2d3bd449999923985ae5341585.jpg","datePublished":"2021-02-25T07:16:54+00:00","author":{"@id":"https:\/\/maritimes.gr\/#\/schema\/person\/7295cde1ca3b52f05bfbcccfd749ef9e"},"breadcrumb":{"@id":"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/#primaryimage","url":"https:\/\/maritimes.gr\/wp-content\/uploads\/2021\/02\/d0e2ef2d3bd449999923985ae5341585.jpg","contentUrl":"https:\/\/maritimes.gr\/wp-content\/uploads\/2021\/02\/d0e2ef2d3bd449999923985ae5341585.jpg","width":1024,"height":101},{"@type":"BreadcrumbList","@id":"https:\/\/maritimes.gr\/en\/china-the-surge-in-capital-flows-may-be-just-beginning\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u0391\u03c1\u03c7\u03b9\u03ba\u03ae","item":"https:\/\/maritimes.gr\/en\/"},{"@type":"ListItem","position":2,"name":"China: The surge in capital flows may be just beginning"}]},{"@type":"WebSite","@id":"https:\/\/maritimes.gr\/#website","url":"https:\/\/maritimes.gr\/","name":"Maritimes","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/maritimes.gr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/maritimes.gr\/#\/schema\/person\/7295cde1ca3b52f05bfbcccfd749ef9e","name":"maritimes","url":"https:\/\/maritimes.gr\/en\/author\/maritimes\/"}]}},"_links":{"self":[{"href":"https:\/\/maritimes.gr\/en\/wp-json\/wp\/v2\/posts\/191001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maritimes.gr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maritimes.gr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maritimes.gr\/en\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/maritimes.gr\/en\/wp-json\/wp\/v2\/comments?post=191001"}],"version-history":[{"count":0,"href":"https:\/\/maritimes.gr\/en\/wp-json\/wp\/v2\/posts\/191001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/maritimes.gr\/en\/wp-json\/wp\/v2\/media\/190999"}],"wp:attachment":[{"href":"https:\/\/maritimes.gr\/en\/wp-json\/wp\/v2\/media?parent=191001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maritimes.gr\/en\/wp-json\/wp\/v2\/categories?post=191001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maritimes.gr\/en\/wp-json\/wp\/v2\/tags?post=191001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}