4 ms·
My post didn't blame them entirely. They have funds they need to get out of China so they buy property abroad. Having a child who is studying abroad is one of t
by secondcoming 6y ago
My post didn't blame them entirely. They have funds they need to get out of China so they buy property abroad. Having a child who is studying abroad is one of those ways. There's little intention to actually live there, let alone integrate with the community.
The big question is how those funds were obtained. How can locals compete with buyers who can essentially print money? Funny money. Chinese banks are unauditable.
- beaunative 6y agoYour last paragraph can't be serious. Are you suggesting somehow China can print dollars? US lands are of course bought with US dollar, which reasonably assumed, only the Fed can print.
- secondcoming 6y agoThey don't print physical dollars, but they can export their Chinese 'wealth' abroad through shady schemes. As for printing US dollars, North Korea is suspected of doing so: https://en.m.wikipedia.org/wiki/Superdollar https://en.m.wikipedia.org/wiki/Superdollar