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I read somewhere that it is difficult to get money out of China if you set up a business there, BMW/VW have been denied withdrawal of funds from China since 201
by fermienrico 6y ago
I read somewhere that it is difficult to get money out of China if you set up a business there, BMW/VW have been denied withdrawal of funds from China since 2016.
At that rate, China seems like a pretty poor place to put your money. Doesn't matter if their domestic technological pace is impressive.
Can anyone honestly think that in 10 years, they would trust the CCP enough to buy property or invest there?
- yomly 6y agoI would happily take that risk if I could get exposure to the shenzhen property market...
- powerapple 6y agoUS and China are both safe to invest if you ask me. Their economies are big and militarily strong. I would put some money in both countries.
- uranusjr 6y agoThe difference is how you consider money on the paper. The problem with China is that you are limited in how you can spend the money you put there; if one of the choices they give suits you, great; otherwise it would be a very bad idea since it would only continue to get harder to make use of the “safe” assets you “own”.
- magicsmoke 6y agoBig reason why the USD is still the world's reserve currency despite China being the bigger trading partner for many countries. The US is willing to let allied countries play freely in its financial markets and economy, China's not as generous. Frankly, if you have to pick between being aligned with the US or China the US gives more goodies away than China does. Full access to US markets, military umbrella, and no obnoxious sense of inherent superiority over smaller countries that's displayed overtly. The only benefit to allying with China is that China doesn't demand political reform. Everything else is very meh, especially if you're already using America's preferred political system.