Money Flees China as Xi Takes Absolute Power!

There was a wave of capital flight from China this week after Xi Jinping secured his third term as president which has essentially given him absolute power for life. This has caused Chinese stocks to sell off, the price of the Yuan has fallen sharply against the dollar, Bitcoin is surging, and now the People's Bank of China (PBOC) is intervening in currency markets to prop up the falling Yuan.

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