Research Article
A Research on the Cause of China’s Capital Flight
@INPROCEEDINGS{10.4108/eai.6-9-2024.2353658, author={Zhixing Xiao}, title={A Research on the Cause of China’s Capital Flight}, proceedings={Proceedings of the 3rd International Conference on Public Management, Digital Economy and Internet Technology, ICPDI 2024, September 6--8, 2024, Jinan, China}, publisher={EAI}, proceedings_a={ICPDI}, year={2024}, month={12}, keywords={capital flight var model balance of payment}, doi={10.4108/eai.6-9-2024.2353658} }- Zhixing Xiao
Year: 2024
A Research on the Cause of China’s Capital Flight
ICPDI
EAI
DOI: 10.4108/eai.6-9-2024.2353658
Abstract
Since 1990s, the capital flight has appeared relatively serious to its open economy. We can read the information from China’s Balance of Payment. Usually, large scale capital flight will make hazard a country’s economy. This paper analyzes the scale and causes of capital flight in China. It is inferred in this paper that the scale of capital flight in China has been greatly affected by the effective exchange rate of RMB, the difference between domestic and foreign asset returns, and the speed of domestic economic growth.
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