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

taiwan-cb
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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