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1) Let's talk about something incredible unsexy but very important to understand any Chinese economic policies for the next few years: Dual Circulation. If you've heard this term thrown around a bunch, go you, so ahead of the curve and so with it If you haven't- time to learn
maybe in the future they will just have 2 currencies, one for "basic" stuff and one for "luxury" or "foreign" stuff. e-rmb. that way instead of decoupling the two economies via heavy tariffs on foreign imports they can "tax" and control through the currency exchange portal.
Why not just higher taxes and tarrifs on those types of goods, seems way simpler and more effective and like it would have less chance of unintended consequences.
maybe it'll be digital, sth similar to crypto. there are certain benefits to having "programmable money".
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