US capital flight from China will take years to reverse: experts

Sino-US tensions are driving US funds out of China and it will take years to reverse the situation, a senior wealth manager is predicting. The flight of US money out of China is likely to accelerate, because analysts see a high likelihood of more actions by Washington to discourage US investment in China, whether Joseph Biden or Donald Trump wins the US election in November.

Actions by Trump when he was US president and also Biden, have helped drive US funds out of China. On November 12, 2020, US president Donald Trump signed an executive order banning US citizens from trading securities of Chinese military companies. On June 3, 2021,...