This was a particular worry for us, but it seems to have subsided, for now:
The worst of China’s capital outflows, which just a couple of months ago looked like they might imperil the economy, is over—for now. The country’s central bank said yesterday foreign exchange reserves rose for the first time in five months. The unexpected news seemed to calm those worrying about the potential of a huge yuan depreciation leading into money fleeing the country.
Why China Outflows Slowed Way Down - Fortune
It's still not all straightforward though:
In nominal terms China’s forex reserves rose $10 billion last month to $3.21 trillion. However, that may flatter the underlying reality: reserves should have gained $47 billion thanks to fluctuations in the exchange rates of the currencies in which China holds its reserves, says Goldman Sachs. What that means is that the central bank was still selling a lot of dollars to prop up the value of the yuan. Capital outflows still may have been as high as $60 billion in March, says Capital Economics, a little more than the $43 billion in February. But it is far from January’s $124 billion in outflows and breaks the trend of money dramatically leaving the country. (The country’s biggest holiday falls in February, so the figures aren’t generally representative.)
Why China Outflows Slowed Way Down - Fortune
But at least the $100B+ monthly bleeding has stopped..