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Miley Cyrus throws money in the air as she performs at the opening night of her Bangerz Tour in Australia at Rod Laver Arena on October 10, 2014 in Melbourne, Australia.
Christopher Wood, who writes the respected Greed and Fear note for brokerage CLSA, notes that capital fleeing China is "a real phenomenon."
Wood estimates that capital outflows increased from $96 billion (£62 billion) to $155 billion (£99 billion) between the last quarter of 2014 and the first quarter of this year.
Here's the chart:
Chistopher Wood/Greed and Fear
The outflows here represent the change in foreign reserves, adjusting for currency variations and stripping out the current account surplus.
The numbers do sound huge, but, as Wood points out in the July 31 note, they barely make a dent in China's total foreign reserves of $3.69 trillion (£2.36 trillion). Still, it's a trend.