The Archive · 1934

Flight of Capital

We awh the flight of capital from China. T have reason to say thal during those +-ars—1990, 1991, 1992} Stnany concerns here "kept" their private funds, or even their remit tanees, in China because they said: We will get very much better rates by waiting. China is in a good condition economically." But when they} witnessed the movement in the opposite direction they became anxious, and they caused their silver supplies to be diverted to their own country. 'OF at any rate, out of China. Only April of this year—January, Feb. March—you had no movement—but in April an export of silver set in, According to statistics and calcula (Continued on page 134.)

Text read from the printed page and cleaned; old type leaves the occasional error.

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