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It seems the only problem this will create is capital flight. Since the Chinese typically use USD for payment (Euro also), this will only effect those who woul
by hourislate 10y ago
It seems the only problem this will create is capital flight.
Since the Chinese typically use USD for payment (Euro also), this will only effect those who would convert USD to Yuan. It will also make foreign brands more expensive for the average Chinese.
Look to Real Estate getting more expensive in the US, Canada, Europe. It is a favorite for Chinese moving their wealth out of the country.