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China capital controls severely restrict to $50k/yr USD, but no overseas insurance policies, foreign stocks, real estate.

Foreign lenders reluctant to lend USD to Chinese banks, may have high and growing risk in economic downside and fin risk.

There is fear of a yuan deval, which scares foreigners off buying yuan investments, assets, while Ch exporters may not be willing to exchange USD for yuan.

The more the CCP restricts USD the more Chinese people want them.

scmp.com/economy/china-economy

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