this post was submitted on 18 Oct 2024
8 points (72.2% liked)

World News

38836 readers
1918 users here now

A community for discussing events around the World

Rules:

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] RagingHungryPanda@lemm.ee 1 points 3 hours ago (1 children)

You'd think, but maybe not. One thing that China does is it's really strict on not letting people bring money out of the country. I have friends that have money back home that they can't get out of the country.

The main reason for that is that when the gov't opens that up, billions start flowing out of the country really fast. So, if you leave, you're leaving your money behind.

[–] partial_accumen@lemmy.world 3 points 2 hours ago (1 children)

You're referring to capital controls, and yes, China has strict controls on how much money you can move out of the country. I'm referring to people themselves. If you have a valid passport right now, you can still get yourself out legally. Most of your money may have to stay behind, but that could be worth it for many situations.

[–] InverseParallax@lemmy.world 1 points 2 hours ago (1 children)

The problem is: People know if they leave, their money will probably be taken.

They're gambling with their lives, but that's a fair gamble for the stakes.

[–] partial_accumen@lemmy.world 2 points 55 minutes ago* (last edited 55 minutes ago) (1 children)

The problem is: People know if they leave, their money will probably be taken.

The old adage applies: "Your money or your life"

Depending on what they think their future holds, leaving all their money behind may be a very very small price to pay.

[–] InverseParallax@lemmy.world 1 points 44 minutes ago* (last edited 37 minutes ago) (1 children)

I disagree, their parents went through so much worse and they saw China rise, the belief is if they can stick through just a little they might find a new opportunity, or maybe things will just work out.

Also they don't think things are magically better elsewhere, so maybe it's just that.

For us the price might not make sense, but I understand if it does to them at least.

[–] partial_accumen@lemmy.world 1 points 33 minutes ago

I disagree

I'm not sure what you say you're disagreeing with.

I'm saying a portion of the population with still valid passports may choose to leave because of these new restrictions. Are you disagreeing and saying "not a single person with a valid passport will choose to leave China forever"?