China’s Latest Capital Control: A Crackdown On Macau ATM Cash Withdrawals

by Tyler Durden
ZeroHedge.com
Dec 8, 2016

Casino stocks have plunged following a report in the South China Morning Post that in China’s latest crackdown on capital outflows, Beijing is cutting in half the amount of money account holders of China UnionPay can withdraw from ATMs in Macau, the world’s largest gambling market.

The Rest…HERE

This entry was posted on Thursday, December 8th, 2016 at 4:18 pm and is filed under China, Economics. You can follow any responses to this entry through the RSS 2.0 feed.