[SeekAndFind]

China also faces a serious risk of capital flight. The last bout began in 2015, amid early indications that the Federal Reserve was going to start raising interest rates. China stopped that exodus by tightening its currency controls, but controls rarely work for long. Savvy locals find creative ways to get their money out.

This year, the Fed’s tightening has further strengthened the dollar, while Beijing’s easy money policies have further weakened the renminbi — increasing the incentive for Chinese investors to dump China’s currency for dollars. Right now Chinese can earn the same interest rates in the United States for a lot less risk, so the motivation to flee is high, and will grow more intense as the Fed raises rates further.

[proxy_user]

The whole thing is a house of cards.

Have you read this:

https://wolfstreet.com/2018/08/14/alibabas-20-f-annual-report-financial-comedy-gold/

[RayChuang88]

I've warned for YEARS that the cost of feeding, clothing and sheltering 20% of the world's human population is going to catch up to them. Especially with the huge air and water pollution problems in that country.