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There certainly is but the downside is that often these high-value, small goods come at an extreme markup compared to anywhere else in the world. Take, for exa
by cepp 9y ago
There certainly is but the downside is that often these high-value, small goods come at an extreme markup compared to anywhere else in the world.
Take, for example, Tiffany & Co. whose products are on average 30% more expensive when paying in RMB vs USD. This means that at best you will make 70% of what you are trying to extract.
It's for this reason that this is not very attractive since there are many other schemes/methods by which you can get a better extraction rate.
- baybal2 9y ago>Take, for example, Tiffany & Co. whose products are on average 30% more expensive when paying in RMB vs USD. Naturally, China has high VAT. But if you are just a small time criminal who just wants to secure his "koosh of a lifetime" that he will never be able to earn even if we will spend multiple lifetimes working?