China Does Not Curb Overseas Investment Among Its Citizens – Envoy

KUANTAN, March 15 (Bernama) — China does not curb overseas investment among its citizens, including in real estate despite tightening capital controls.

China’s Ambassador to Malaysia Dr Huang Huikang said the tightening of capital controls was aimed at clamping down outflow of Yuan in fraudulent activities such as money laundering.

“We do not restrict capital outflows as we have sufficient reserves to the tune of US$1,000 billion, the highest in the world…..

(Bernama)

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