China's 'wall of money'

``expectations are growing that President Xi Jinping will announce the opening up of China's capital account, allowing easier investment abroad by China's wealthy, among a broad range of potential market reforms. If it happens, global markets could be transformed. China's national savings are $4.2 trillion, 50 per cent more than America's, and the elites who own that money have been far keener to invest abroad than they have been allowed to so far.''