China steps up scrutiny of capital flows as yuan depreciates
Donald Trump
SHANGHAI: Chinese authorities are rolling out fresh measures to limit capital flight, including increased scrutiny of overseas investments, as the yuan currency comes under mounting pressure. President Donald Trump's tariffs threats are heightening Sino-US tensions and discouraging inbound foreign investment. The yuan has lost 2.2 per cent to the dollar since Trump's election win in November. China has increased scrutiny of overseas investments by domestic companies and their use of proceeds
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