China's FX regulator out on the wires 22 Dec
- may adjust investment in US treasuries
- China needs to take counter-cyclical steps to control large capital outflows
- rise in outbound direct investment too much too fast this year
- China not restricting foreign profit repatriation
- natural for capital to flow in and out of China
Seems to me like their journey into the real world has understandably brought with it a few problems. They should be careful what they wish for.
