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I think the logic is flawed in this piece The Chinese had invested in US real-estate in order to move their cash to a "safer" jurisdiction, and China had bough
by jacknews 7y ago
I think the logic is flawed in this piece
The Chinese had invested in US real-estate in order to move their cash to a "safer" jurisdiction, and China had bought US companies in order to acquire expertise, often to be transferred back to China.
Neither afford much leverage for the US. Real-estate is largely individuals, and companies are better off not drained of their IP.
I don't know about the quality of Chinese tourists to the US, but if it's as elsewhere, this is also not too much of a loss.