China becomes a roach motel for foreign investors

March 5, 2023 By Monica Showalter

Thinking about putting your money into China? Think again. According to what respected emerging markets investor Mark Mobius described, the place has become a roach motel for investors. Money goes in, but now it can't come out. According to Asia Financial:............“I can’t get an explanation of why they’re doing this … They’re putting all kinds of barriers. They don’t say: No, you can’t get your money out. But they say: give us all the records from 20 years of how you made this money … This is crazy.”

That's expropriation, a communist specialty, whether the Chicoms are going to admit it or not. Not letting someone get their money out is the same as keeping it, stealing it, helping oneself to it. Why they would do this to a famous investor with a big global audience to let the other investors know is something of a mystery, this is tremendously bad public relations for them, but based on their other actions, it seems as though  at this point they don't care. Already we know they're getting mean, what with their crazed COVID lockdowns, which drew tremendous popular protests, their stepped-up spy activity against the West, their machinations in Latin America, their intimidation of their neighbors, particularly Taiwan, and their massive military buildup. Today they announced that they'd ramp up their defense spending 7.2%. ...........To Read More........

My Take - For years I've written that China's economy is all smoke and mirrors and they're broke, and this is just one more indicator that's true.  When a nation that can only exist economically through exports, they can't afford to offend foreign investors. The only reasons for them to do this is because they don't have the money they're spending, they can't create their own internal market, they're demographic pyramid is in the toilet.  That means the big advantage they had has been cheap labor, but that's about to change....dramatically!  When there's less bodies to do the work, the more that labor costs. Unless they revert to some kind of forced labor, and that will send China down the toilet even faster than they're already heading.  Things are working out almost as good as it is for Russia and the EU. They're all doomed! We win.....if we get rid of the nitwits and misfits.