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Investor says China is restricting flows of capital out of the country
- hunglee2 4y agoChina famously has capital restrictions - max 50K USD I think - how can this 'investor' not know this? It's a key reason why China did not take a hit during the Asian Financial Crisis. NB: its also the reason why the scions of China elites spend so much on luxury items when they 'studying' abroad, basically a way to get money out of the closed system