From Financial Sense
By Michael Pettis
........''China itself is seeing noticeable capital outflows as business owners and other wealthy people begin disinvesting and withdrawing deposits. Capital flight from China began surging in early 2010, and it seems to be getting worse, with some monthly withdrawal estimates as high as $40-50 billion, and this can’t help but put increasing pressure on China’s ability to finance the infrastructure, manufacturing and real estate bubbles that have driven the economy.''
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