[guai888]

Actually CCP is doing everything they can to stop the outflow of money. CCP wants to keep the money inside of China but not very successful. There is no rule of law in China and people with money in China want to put money in place where government can not take it away from them. As CCP tighten control, money will keep flowing out by any mean possible.

[spfzero]

This. China has no safe place for people to save the money that they have made, by whatever means. Anywhere you put it in there, it can go away in an instant if the government wants to take it away from you. We don't understand this in the west, but whatever you have, in some countries, is fair game for people with friends in high places. It's not just China, but Russia and many other countries are like this. If you make enough money to pique the jealousy of the wrong person, You will end up in jail and your savings grabbed.

Long term it's a good thing for the money to go into western real estate. Its value in the global market is being correctly recognized. Short term it is bad for local home buyers who end up priced out of the market.

[forgingahead]

There are severe and onerous asset forfeiture laws in many Western countries, not to mention the catch-all magic phrase of "eminent domain". If any government anywhere wants something from you, it will take it. You will not be able to outlast via the courts or whatever legal means you think are available, rather you'll likely burn all your available finances fighting it.

[epicureanideal]

> Anywhere you put it in there, it can go away in an instant if the government wants to take it away from you. We don't understand this in the west

Divorced or divorcing men understand how this can happen in the west.