Economists call it "flight capital."
The Wall Street Journal (October 16, 2012) says "China ... is now watching cash stream out."
Where is it going? "Luxury goods in Singapore ... beachfront condos in Cyprus .... U.S. tuition bills...."
"A Wall Street Journal analysis of that data suggests that in the 12 months through September, about $225 billion flowed out of China ... "
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