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Chinese citizens are prohibited from investing abroad and keeping money abroad. It might be that the signs you describe are more about getting around that prohi
by hollerith 1y ago
Chinese citizens are prohibited from investing abroad and keeping money abroad. It might be that the signs you describe are more about getting around that prohibition than about hedonism.
- budududuroiu 1y agoI’m sure it’s some grey area. DBS Singapore saw some $6bn inflows from China in the first half of 2023. Regardless, I did see gold jewellery sold by weight in China too, which is much more indicative of use as an asset than a beauty piece
- deadfoxygrandpa 1y agoyeah i dont think this is true. where did you hear this?