Cryptopolitan
2023-09-22 09:28:09

Bitcoin may attract significant inflows from China amidst Yuan weakness and capital flight

Recent data compiled by Bloomberg reveals a concerning trend for China, as capital outflows reached $49 billion in August. This marks the highest monthly capital outflow since December 2015, creating added pressure on the Chinese yuan. Analysts attribute this phenomenon to several factors, including a robust U.S. economy in contrast to China’s weaker growth momentum ... Read more

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