The new restriction, which halves the daily limit on ATM withdrawals by people using mainland-issued China Union Pay bank cards, "follows the introduction by Beijing in recent months of a raft of measures to tackle massive outflows of capital," the South China Morning Post notes. "It is the first move to exert control over Union Pay transactions since a 2014 crackdown involving Union Pay point-of-service machines in the casino-dominated city, which is fighting hard to shake off its reputation as a center for hot money out of the mainland."
Despite China’s best efforts to avoid controversy at the G-20, recent history indicates that political issues will be a source of tensions on the sidelines
Last year, terrorist attacks in Paris overshadowed the G-20 meeting in Turkey, and in the previous year, Russia's occupation of the Crimea dominated discussions. China's relations with nations from South Korea to Britain are likely to be in the spotlight this year.
China in 2 minutes a day