China Imposing Stricter New Capital Controls Shows Increased Desperation?

New capital controls are specifically targeting a very common way many affluent families in China have used for years to get their savings out…

by Jason Burack of Wall St for Main St

China clamps down on capital flight risk as yuan weakens. These new capital controls are specifically targeting a very common way that many affluent families in mainland China have used for years to get their savings out of the country, their college kids studying abroad.

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