China’s capital flight is fueling global AI. Beijing cracks down. - livemint.com
China’s capital flight is fueling global AI. Beijing cracks down. - livemint.com
Source: livemint.com
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DW NOTE
Beijing can't stop it. When your property sector implodes and your equity markets trade at 2014 levels, money leaves — capital controls or not. Chinese investors are funding AI infrastructure from Singapore to San Francisco because they've learned the same lesson Venezuelans and Argentines learned: there's no law requiring you to stay poor in your home currency.