Beijing [China], April 4 (ANI): China is witnessing an "unprecedented" outflow of capital since the beginning of the Russia-Ukraine military conflict in February and the level has almost reached the March 2020 level that marked the Covid outbreak.

The scale and intensity of the outflow are unprecedented as the same is not observed in the rest of the emerging markets.

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The timing of the change in the level suggests that Russia's military conflict with Ukraine is probably driving the foreign investors to review their positions.

Government Bonds have also faced similar pressure. Outflows during March may be caused by the US delisting its concerns, Worsening coronavirus outbreaks, the negative impact of sanctions on Russia, and the US interest rate hike vis-a-vis China. (ANI)

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(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)