The Real Deal New York

Everything you need to know about capital flight from China

Nearly $1 trillion moved out of the country this past year alone

March 10, 2016 03:15PM
By Alistair Gardiner

China’s wealthiest citizens are fleeing the country en masse — and the urgency to move money across the border is as high as ever.

Nearly $1 trillion exited the country this past year, and a large chunk of this capital outflow is being invested into New York City real estate. Despite tight limits on the amount of money they can move out of the mainland, Chinese investors pumped more than $3 billion into the New York market in 2014.

For our latest video, The Real Deal looked at why and how Chinese nationals are getting their money out the country, and what the government is doing to curb this exodus of capital.

For more videos, visit The Real Deal’s YouTube page.

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