wsfintech·7 वर्ष पहले·discussComprehensive data points on why this is happening. Formulate your own conclusions.* "Every Chinese citizen is only allowed to exchange up to US$50,000 in foreign currency a year at their bank, and also faces major hurdles to buying foreign exchange within that quota" https://www.scmp.com/economy/china-economy/article/3017203/c...* "New Restrictions on High Tech Technology Transfers to China" https://www.chinalawblog.com/2018/11/new-restrictions-on-hig...* "Something Just Broke In China As Repo Rate Soars To 1,000% Overnight" https://www.zerohedge.com/news/2019-07-19/something-just-bro...* "Transfering money is getting more and more difficult, even perfectly legitimate business transactions." https://www.reddit.com/r/China/comments/c5qwd7/transfering_m...* "China’s Banks Are Running Out of Dollars" https://www.wsj.com/articles/chinas-banks-are-running-out-of...* "China’s Economic Growth Hits 27-Year Low as Trade War Stings "https://www.nytimes.com/2019/07/14/business/china-economy-gr...* "China No Longer Expected to be World’s Largest Retail Market in 2019" https://wccftech.com/china-no-longer-expected-to-be-worlds-l...* "Hong Kong’s GDP grinds to near halt at dismal 0.5 per cent growth" https://www.scmp.com/news/hong-kong/hong-kong-economy/articl...
* "Every Chinese citizen is only allowed to exchange up to US$50,000 in foreign currency a year at their bank, and also faces major hurdles to buying foreign exchange within that quota" https://www.scmp.com/economy/china-economy/article/3017203/c...
* "New Restrictions on High Tech Technology Transfers to China" https://www.chinalawblog.com/2018/11/new-restrictions-on-hig...
* "Something Just Broke In China As Repo Rate Soars To 1,000% Overnight" https://www.zerohedge.com/news/2019-07-19/something-just-bro...
* "Transfering money is getting more and more difficult, even perfectly legitimate business transactions." https://www.reddit.com/r/China/comments/c5qwd7/transfering_m...
* "China’s Banks Are Running Out of Dollars" https://www.wsj.com/articles/chinas-banks-are-running-out-of...
* "China’s Economic Growth Hits 27-Year Low as Trade War Stings "https://www.nytimes.com/2019/07/14/business/china-economy-gr...
* "China No Longer Expected to be World’s Largest Retail Market in 2019" https://wccftech.com/china-no-longer-expected-to-be-worlds-l...
* "Hong Kong’s GDP grinds to near halt at dismal 0.5 per cent growth" https://www.scmp.com/news/hong-kong/hong-kong-economy/articl...