An exodus of capital in China is casting doubt on the country’s economic prospects and shaking global markets, The New York Times writes. Wealthy Chinese families are increasingly trying to move large sums of money out of the country for fear that the value of the currency will fall and their savings will be worth less. The capital flight is already putting significant pressure on the country’s currency, the renminbi. The outlook in Japan is also darkening. Caught in a cycle of expansion and contraction, Japan’s economy shrank in the final three months of 2015. To read more, click here.
