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It seems that the wealthiest Chinese are quickly leaving China for the US. I believe that this will have negative impacts on their long term growth.
by justaman 11y ago
It seems that the wealthiest Chinese are quickly leaving China for the US. I believe that this will have negative impacts on their long term growth.
- logfromblammo 11y agoI always wondered why the US has never seemed all that concerned with their trade deficit with China. Imports and paid for with exports, after all. It turns out that the US has been playing a long game. America imports cargo containers filled with manufactured goods, and exports one-way, first-class plane tickets to America (and Vancouver), for use by the Chinese nouveaux-riches. Brilliant. Devious and brilliant. The dollars never need to be exchanged into yuan, because they come back inside immigration-curious pockets. Export the factory; import the tycoon carrying the factory profits. And if China tries to stop it in the usual way, the brain drain only worsens. It's more like a brain siphoning. But taking the foil hat off, it's probably just entirely accidental. Not that the US wouldn't milk it for maximum benefit anyway, but it's just too much like the outcome of a cursed monkey's paw wish to have been planned that way.