The China Post
Date: February 6, 2017
By: Christine Chou
When China began making its rocky transition from socialism to a market economy with a series of economic reforms in the late 1970s, investors from Taiwan were among the first to venture into the new market.
However, with China’s economy now expanding at its slowest pace in more than a quarter century, and amid rising economic headwinds and clouding global uncertainties, an increasing number of Taiwanese-owned companies are feeling the impact.
A senior executive at a major international accounting firm in Taipei, who asked to remain anonymous, told The China Post that large swaths of institutional and individual investors have been scrambling to move cash out of China and back to Taiwan.
And it is not only investors from Taiwan who are pulling capital out of China. According to Bloomberg, more than US$1.2 trillion has flown out of the country since the shock devaluation of the yuan in August 2015. [FULL STORY]