BBC World Service Online

Business Daily

Factual: Money

The daily drama of money and work from the BBC.

Business Daily: China's Capital Flight

Bulletins

China money ibroadcast.jpg

12/02/2016 GMT

China's Capital Flight

BBC World Service - Business Daily, China's Capital Flight

How Chinese avoid controls and why it matters; plus a killing outside Ghana's goldmine.

How rich citizens avoid capital controls and why it matters for the Chinese economy. Also, why the killing of a Ghanaian goldmine official could impact the whole industry

We look at the latest concerns for China's currency, as billions of dollars-worth of yuan are being smuggled abroad every month, it's alleged. We find out how citizens manage to flout the currency controls, and what that means for the government's and central bank's efforts to stabilise and rebalance the economy. We get the thoughts of two locally based experts, Jonathan Ha, CEO of Shanghai-based market research firm Red Pulse, and Michael Pettis, professor of finance at the Guanghua School of Management at Peking University in Beijing. Also, we examine how the violent killing of an official at a mine in Ghana last week could have long-term consequences for the country's gold industry.

(Picture: Bank employee counts 100-yuan banknotes in Hangzhou, China; Credit: STR/AFP/Getty Images)

BBC World Service

BBC World Service Europe and the Middle East

BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

BBC World Service West and Central Africa Schedule

BBC World Service West and Central Africa

BBC World Service East Asia

BBC World Service South Asia

BBC World Service Australasia

BBC World Service schedule for American satellite radio and the Caribbean

Accessibility links

Programme Index

Business Daily

China's Capital Flight

Genres

Formats

Brand

BBC World Service Online

About BBC World Service