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Robodoc

China Cracks $64 Billion `underground Bank' Moving Money Abroad

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It's a big problem but no sign of them getting a handle on it upto now. People are moving money out of a stock market into foreign real estate and the government is refueling the stock market with realised USTs, forcing brokerages and corporates into crippling buybacks and praying that ordinary citizens will come back in. If they don't buoy the market then even more people take their money out. The money that leaves China is effectively all that US QE making it's way into the global economy, and the reason they are trying to stop it is because it was never meant to leave the state balance sheet. When it ends there's going to be a property crash in every major city at the same ******ing time.

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It's a big problem but no sign of them getting a handle on it upto now. People are moving money out of a stock market into foreign real estate and the government is refueling the stock market with realised USTs, forcing brokerages and corporates into crippling buybacks and praying that ordinary citizens will come back in. If they don't buoy the market then even more people take their money out. The money that leaves China is effectively all that US QE making it's way into the global economy, and the reason they are trying to stop it is because it was never meant to leave the state balance sheet. When it ends there's going to be a property crash in every major city at the same ******ing time.

not many on here would disagree with that.

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It's a big problem but no sign of them getting a handle on it upto now. People are moving money out of a stock market into foreign real estate and the government is refueling the stock market with realised USTs, forcing brokerages and corporates into crippling buybacks and praying that ordinary citizens will come back in. If they don't buoy the market then even more people take their money out. The money that leaves China is effectively all that US QE making it's way into the global economy, and the reason they are trying to stop it is because it was never meant to leave the state balance sheet. When it ends there's going to be a property crash in every major city at the same ******ing time.

not many on here would disagree with that.

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It's a big problem but no sign of them getting a handle on it upto now. People are moving money out of a stock market into foreign real estate and the government is refueling the stock market with realised USTs, forcing brokerages and corporates into crippling buybacks and praying that ordinary citizens will come back in. If they don't buoy the market then even more people take their money out. The money that leaves China is effectively all that US QE making it's way into the global economy, and the reason they are trying to stop it is because it was never meant to leave the state balance sheet. When it ends there's going to be a property crash in every major city at the same ******ing time.

I didn't get it but now I do.

It will be interesting to see whether or not they will try to claw back the outflows.

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making payments abroad using credit or debit cards and then returning merchandise for cash

On a small scale that might explain why Bicester Village is always packed with Chinese tourists buying things that are made in China.

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