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Totally agree with you, rlirph
Jul 13 07:03 am
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All Comments by pldragon »Good Time to Buy Chinese Currency: Follow the 'Hot Money' [View article]
in the East part of China, the Wenzhou underground "bankers" are among the most famous, and the most aggressive.
Also, to reply to the last line of the author of the article, it is not just how to bring in your US$ or Can$ that you need worry about...
For this, you could do like most Chinese and Overseas chinese do: use multiple benerficiaries accounts ...Since legally, each personal account is limited to us$ 50,000/ year...
The most difficult part will be to take your money out, the day hot money will not be hot anymore..and when everybody will be fleeing for the escape door at the same time.