China’s capital controls start biting


  • Nation Premium
  • Sunday, 19 Mar 2017

Prospects look at a model of the development at the Country Gardens Forest City showroom in Johor Bahru, Malaysia February 21, 2017. Picture taken February 21, 2017. REUTERS/Edgar Su TPX IMAGES OF THE DAY

Projects with Chinese investments in Malaysia, however, are still going on smoothly. Many of these are government-to-government projects and will continue.

CHINA’s capital controls, invoked without much publicity since late last year to curb outflow of funds and to stabilise the yuan’s rate, are squeezing its investments abroad – including those in Malaysia.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

World , Business , China , capital control

   

Next In Nation

Unduk Ngadau more than just a beauty pageant Premium
Sarawak aiming to cut greenhouse gas emissions by 45% in eight years Premium
Woman fined RM500 for puffing inside Sibu eatery Premium
Malaysian named global winner of 2022 Cambridge Dedicated Teacher Awards Premium
Touch ‘n Go says NFC-enabled card available for purchase again through ewallet, expect delays due to heavy traffic Premium
Cop who took down Botak Chin deserves posthumous recognition, says Lam Thye Premium
No such thing as mamak restaurant cartels, says Presma Premium
Bomb blasts and gunshots heard along Thai border Premium
Viral video of sword attack is from 2018, say cops Premium
Floods: 200 people evacuated to shelters in three Perak districts Premium

Others Also Read