Quote:
Originally Posted by ugoblue
The Chinese Communist Party (CCP) may make it more difficult to buy luxury watches in China. The stock market is also spooked that Chinese companies are about to default on a large amount of debt. The former would reduce luxury watch demand in China (if the Chinese could travel oversees than they'd buy there but because of Covid they can't). The latter may reduce wealth everywhere.
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As far as I know, CCP is trying all measures to stop their citizens going overseas, e.g, making it very difficult to get the visa, being afraid of bringing a lot of money out of the country.