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by fennecfoxen 4628 days ago
Yes, I'm American. I'm also generalizing and simplifying because an in-depth analysis of the China scam is the proper subject of a Ph.D. thesis and not a HN comment. As lionspaw has noted, there are complicating factors like the property boom (/bubble) and the grey market for inflation-resistant currencies. These hamper the current capital controls but do not render them entirely useless.