China's Middle Class Is Again Desperate To Move Its Money Out Of The Country
People living on mainland China are taking substantial risk in getting their money out of the country. They are doing all they can to protect their wealth.
The Chinese are frustrated as having so few investment opportunities at home.
Since the country restricts the outflow of capital, it means that the citizens are having to get creative. This leaves them open to scams.
Recently, over $50 million went missing in real estate scams in Austrailia.
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Out of Choas comes Opportunity.
The Party's efforts to prevent capital outflow are the reason for China's crackdown on cryptocurrencies.
The fact that that same Party's members want to be able to get their own capital out of the country is why they relax those restrictions from time to time.
So their shadow banking system is alive and well.
The current slowdown has them guessing if investing in their economy is safe at all
Here's a link to our post on diversifying your assets for all the Chinese and Global investors https://steemit.com/cryptocurrencies/@reverseacid/diversify-your-digital-assets-today-for-a-better-tomorrow
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