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Also the trade deficit issue. If China's ultra-rich are exporting billions of dollars of capital a year out of China, then it helps balance the trade deficit an
by gwern 9y ago
Also the trade deficit issue. If China's ultra-rich are exporting billions of dollars of capital a year out of China, then it helps balance the trade deficit and means more capital in the rest of the world and probably mostly the USA.
- jordanb 9y agoIt doesn't balance the trade deficit at all. It does improve the current account balance but that's not necessarily a good thing for US exports.
- seanmcdirmid 9y agoIt then goes into housing bubbles...which may or may not be in your interest depending if you own a home or not.