3 ms·
China doesn't have a convertible currency, it might cause turmoil in China but I don't see how it can effect the rest of the world much.
by dageshi 5y ago
China doesn't have a convertible currency, it might cause turmoil in China but I don't see how it can effect the rest of the world much.
- rossdavidh 5y agoIf Chinese billionaires have to start selling a lot of overseas real estate, equities, cryptocurrencies, etc. to pay off debts because the CCP put them in a small room with a terminal and said "pay off this debt or bad things happen to you", then it can absolutely affect the rest of the world. Now, given how many things in the US are at terribly inflated prices, especially housing that people need to live in, maybe in the long run it's a good thing. But between here and there it could be quite turbulent.