Re:The United States Will Miss China’s Money
by jacknews on Sunday September 15, 2019 @07:20AM
(#20976732)
I think the logic is flawed in this piece
The Chinese had invested in US real-estate in order to move their cash to a "safer" jurisdiction, and China had bought US companies in order to acquire expertise, often to be transferred back to China.
Neither afford much leverage for the US. Real-estate is largely individuals, and companies are better off not drained of their IP.
I don't know about the quality of Chinese tourists to the US, but if it's as elsewhere, this is also not too much of a loss.
The Chinese had invested in US real-estate in order to move their cash to a "safer" jurisdiction, and China had bought US companies in order to acquire expertise, often to be transferred back to China.
Neither afford much leverage for the US. Real-estate is largely individuals, and companies are better off not drained of their IP.
I don't know about the quality of Chinese tourists to the US, but if it's as elsewhere, this is also not too much of a loss.