william the wie
Gold Member
- Nov 18, 2009
- 16,667
- 2,402
- 280
And just as importantly how fast? The Hong Kong dollar can be used to move to Canada, Singapore or Taiwan but not the Yuan. Capital flight would slow Chinese economic growth by a lot and possibly even make it negative in real terms. The costs of shipping to market would rise as well because numerous contracts are needed to ship: insurance, bills of lading and a laundry list of various other documents are needed. Those documents must be paid for in a currency trusted by the issuers. Any other problems with the Hong Kong extradition law?
