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2016-08-14 — cnbc.com
Wolfe told CNBC that Chinese investors "are fleeing a virtual reality economy in China and funding virtual reality startups in the U.S. They seem to be choosing illiquidity and uncertainty, denominated in dollars over liquidity and certainty of devaluation denominated in yuan."
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The muddled outlook for China means Silicon Valley could find itself on the business end of a deep retrenchment in the Chinese economy--much like Japan's burst bubble eventually forced American multinational firms to downsize and restructure.
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