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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Snowshoe who wrote (386)6/25/2017 9:34:52 AM
From: elmatador  Read Replies (1) of 13789
 
The fear of the money moving out.
Chinese private wealth booming. Need channels to invest abroad.
China's $24tn private wealth is twice the size of GDP
Eight times more millionaires in China now than 10 years ago, report shows

Elmat: If you are a wealthy Chinese, you would need to diversify just in case China tanks real good.

Without that channel, those trillions stay inside China.
The chinese gover,ent thinks: If we let these trillions out, our GDP will go lower as they boots that GDP of other countries...

JENNIFER LO, Nikkei staff writer

asia.nikkei.com
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