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China doesn’t have an exit tax.
by csomar 1y ago
China doesn’t have an exit tax.
- hollerith 1y agoChina doesn't allow its citizens to send or invest money abroad hardly at all. Yes, this means that most of the Chinese who bought houses in the US and Canada were breaking Chinese law. One cause of China's real-estate bubble was too much (domestic) savings chasing too few investment vehicles. To learn more, read up on financial repression in China.