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Thursday, July 06, 2017
China moves away from using property to retain value
ANBOUND

Most believed that China's currency will be increasingly worthless, so people rarely choose to save; rather they choose real estate, trust and other relatively high-yield assets. Zhong Wei, an Anbound economist believes that the Chinese currency is likely to be at the turning point where it will become increasingly valuable, and that as China's economic growth slows down and the central banks around the world return to normalization, China will enter an era where there is lesser money, heavier tax, more stable property price, harder to earn and save money, and even harder to gain income through investment. There is the need to the usual thoughts, as the currency will be more valuable. At this moment, China is moving to a new age where the era of easy money has ended.

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