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To control the outflow of capital
China is very strict when it comes to this to avoid exploitation. But when it comes to outflow of capital, the rich are already doing so outside the county by sending their kids outside the country to study, along with amount of wealth. (they tend to buy properties in other countries)

To be honest, i'm sure what I said isn't the main reason, there could be other factors like national security (things that i couldn't imagine)

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