If foreign exchange controls are lifted, China's interest rates will become a joke, as the interest rate differential will siphon off all assets, and capital will flow to places with favorable interest rates.

Do not expect the domestic market to lift the restrictions on Bitcoin and virtual currency trading, because lifting the restrictions on Bitcoin means free foreign exchange conversion, and many people do not understand what foreign exchange control means at all. In fact, the biggest privilege in the country is the foreign exchange privilege, because the value of the RMB and personal benefits become meaningless once they reach a certain level. There is no limit to how much you can have, but foreign exchange must be earned back through manufacturing, which is also a necessary condition for a smooth landing for future generations. Therefore, foreign exchange control cannot possibly be lifted, and Bitcoin and virtual currencies cannot possibly be released; anyone who dares to bet can try.