this post was submitted on 13 Apr 2025
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They're only really going to be used by the rich but it's a cool toy and makes them look good.
China is second in the world for total billionaires and also second in the world for total millionaires. Per capita is 53 which is significantly better but to say they don't have rich people is just incredibly absurd when it's such a prosperous country now. We can't and shouldn't pretend otherwise.
Sad, but true
It's hilarious how not only do you not know anything about China, you also apparently don't know anything about fiat currency in general. It's extremely funny how confidently wrong you are across the board.
Rich people in China are more reigned by the government in than rich people in other countries, but they have plenty of them.