MSCI CEO says limiting capital flows to China would be ‘devastating’ By Reuters

By John McCrank NEW YORK (Reuters) – Restricting the flow of U.S. capital to China would have a “devastating” impact on global markets, the head of index provider MSCI Inc (N:) told CNBC on Friday. “If that happens, then we’re going to have a world in which the fuel that lubricates economic growth and prosperity in the world is cut off, the oxygen gets cut off, and therefore you end up with a global economy that is significantly smaller than we have today,” said MSCI Chief Executive Officer Henry Fernandez.…