4 ms·
I was sure I'd read a lot of comments from people living in China who disagreed, because of this column[1] as well as a few others like it. However, I realize
by rz2k 9y ago
I was sure I'd read a lot of comments from people living in China who disagreed, because of this column[1] as well as a few others like it.
However, I realize that column is almost 50 months old. At the time it was part of a worry, because it was very difficult for anyone to understand what was going on in the Chinese economy and therefore which economic policies would be harmful. (Eg. stimulus during bubble, or tightening during stress)
Has cash really become a lot less popular in the past few years?
[1] http://foreignpolicy.com/2013/05/01/on-getting-paid-in-wads-of-cash-in-china/ http://foreignpolicy.com/2013/05/01/on-getting-paid-in-wads-...