China’s Worst Capital Outflow in Years Spells More Yuan Pressure

(Bloomberg) — China is witnessing the biggest flight of capital in years, creating concern for authorities as it worsens pressure on the beleaguered yuan.

Most Read from Bloomberg

The currency has been hammered from all fronts as money leaves its financial markets, global companies look for China alternatives and a revival in overseas travel hits services trade. All of this is captured in the latest official data, which shows an outflow of $49 billion in the capital account last month, the…