Fucking parasites. I know China already has laws against capital flight, but increasing their strength would never hurt. Why would you ever let people make money in your country, with your infrastructure, then have them fuck off as soon as you ask for some of it back?
this post was submitted on 02 Jul 2024
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Thanks for sharing; glad to see bourgois fear in a socialist country.
So much cope and weasel words in a typical liberal article.
"The large number of rich Chinese heading elsewhere could add to the strain on the nation's fragile economy"
Fragile? Based on what?
Capital flight controls appear to be an alien concept to these kind of esteemed journalists (nevermind the labour theory of value).
I am also seeing a global theme with a lot of non-western bourgoisie there appears to be an internalised inferiority complex where the ideal is to be some sort of Honorary Aryan.
It's probably worthwhile reading some Frantz Fanon at this stage to soothe the soul.
/edits: grammar/clarity
It's hilarious how much spin they try to put on this, but the reality is that capitalists are fleeing because they see the writing on the wall.
When you try to use cryptocurrency for your capital flight, but you lose your private key and have to shill for Victims of Communism to survive under capitalism.
It's a good thing the capital flight laws were in place already. Seeing millionaires (and up) fleeing a country is probably one of the most overt signs that China is obviously doing something right.
I mean, there are dozens of other metrics that show that too, but it's nice to have another one.
indeed