China's wealth redistribution is going to lead to "problems", but how bad?
China is currently making reforms to redistribute wealth. This will have an adverse effect on the economy as investors move capital and business away from the country, and worse, cause an outright civil war, said Chen Lin, president of Lin Asset Management.
"There is a historical precedent. I'm not saying that what happened 2,000 years ago in the Han Dynasty will happen today, but there is a decent chance that China can slowdown," Lin told David Lin, anchor for Kitco News. (show less)
China is currently making reforms to redistribute wealth. This will have an adverse effect on the economy as investors move capital and business away from the country, and worse, cause an outright civil war, said Chen Lin, president of Lin Asset Management.
"There is a historical precedent. I'm not saying that what happened 2,000 years ago in the Han Dynasty will happen today, but there is a decent chance that China can slowdown," Lin told David Lin, anchor for ... (read more)
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