Interesting point:

China continues to see capital outflows (orange), which is highly unusual. These outflows began after February 24, when war in Ukraine began. The longer these outflows last, the clearer it becomes that markets are looking at China in a new light since Russia invaded Ukraine… pic.twitter.com/HsNYGxg3RZ

— Robin Brooks (@RobinBrooksIIF) May 19, 2022