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Home What happens if Chinese household wealth is unleashed on the world?
What happens if Chinese household wealth is unleashed on the world?
Tentative steps at liberalisation reflect fears over the strong renminbi and risks of a bubble in domestic markets
World Economy News
5 Jul 2021 • 10 min read
It would buy you a year of study at Harvard University, a couple of luxury boxes at the Yankee Stadium in New York or a lengthy stay at London’s Ritz Hotel. But Chinese citizens might soon be able to do something different with the $50,000 they are permitted to take out of the country annually: invest it.