When they export, money gets in. But they don't import much , if you look at china's trade balance, it's at + 421 billion dollars [1] (money going in) while USA is at -616 B [2].
Regardless of your opinion on Chinese politics (or your opinion on California politics for that matter), Shenzhen is absolutely blowing up. Just talking with random tech and startup people there, you feel an energy and optimism that is hard to find in the bay area these days. As a non-Chinese citizen, investing in property there feels a bit too risky for my appetite, but I certainly would not bet against it.
This is hogwash, and a lie mostly propagated by blue check journo twitter. Remember, twitter is not representative of anything even close to consensus political opinion. It's mostly an echo chamber for elites patting themselves on the back for their "correct" opinions https://www.theatlantic.com/technology/archive/2019/04/twitt...
It doesn’t matter if it’s false or where people got the information, what matters is a surprisingly large amount of people honestly do believe it. Including most of my extended family, various friends in Georgia and Michigan, and even several friends in the bay area who should know better. If enough people believe a lie, they can force action based on that lie. We feel so safe saying “that’s hogwash”, but we should take it more seriously.
Excellent observation. Correct you are GP said nothing of twitter. I did.
If you start with the beginning of my comment "this is a lie" and follow along to the end of the sentence, I begin to extrapolate where I believe to be the primary source of this lie, twitter, and make an indirect reference to the perpetuators of the lie, the media.
so the recently elected AG of Utah took a leave of absence immediately after taking office to fight voter fraud is just lies made up by lefties on twitter?
The biggest problem is that money can get easily into China, but not so easily out of it.