China Currency Drop Will Spur Capital Flight, Fall In Asset Values, Business Scholar Says |
| January 08, 2016 | January 2016 Bond Updates |
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The fall in the value of China’s currency to five-year lows as 2016 opens is going to lead to “significant capital flight and with that, an overall decline in asset values,” according to Arthur Dong, a teaching professor of strategy and economics at Georgetown's McDonough School of Business. I exchanged with Dong this morning about the fallout from China’s markets chaos this week. Excerpts follow. |
| View more at: http://www.forbes.com/sites/russellflannery/2016/01/07/china-currency-drop-will-spur-capital-flight-fall-in-asset-values-business-scholar-says/ |
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