#18 | The CCP Sanctions Hudson, Macron in China, and the PRC's Local Banking Crisis
China Insider
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The Importance of Capital Control in China
China has one of the world's most strict currency control mechanisms. Each individual is only allowed to send $50,000 outside of China each year. Real estate right now is like 70% of Chinese wealth. So people just trick money out of China and through all means.
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