Taiwan governor says ‘no need to worry’ about capital outflows

The Central Bank of the Republic of China, in Taiwan

Taiwan’s central bank governor downplayed concerns over capital outflows and potential foreign exchange volatility on August 3 amid increasing tension between China and the island.

“There is no need to worry,” Yang Chin-Long, governor of the Central Bank of the Republic of China, told media when asked about the state of foreign capital outflows. A visit to Taiwan by Nancy Pelosi, the US House of Representatives speaker, has infuriated China’s government, which claims sovereignty over the self

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