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Yes, if you have the right connections, which almost all these investors have, it's no biggie to move money out of China. There are a few ten thousand Chinese
by gamblor956 6y ago
Yes, if you have the right connections, which almost all these investors have, it's no biggie to move money out of China.
There are a few ten thousand Chinese investors with U.S. projects that wish this were still true, so if you have a method for doing this, you should let them know immediately because you will become an extremely wealthy individual (if it works).
But it hasn't been since 2017, when they cracked down on the use of surrogates to move money out of China. (China first cracked down on direct transfers in 2014/2015. I had a number of clients at the time that were directly effected by these measures.)
- fakedang 6y agoFunny then. I'm seeing Chinese money move into Bangkok and Singapore very recently. By connections, I meant CCP connections. Knowing the right people in the party hierarchy (Xi followers, not overtly ambitious, some common sense between the ears, etc) can make you go a long way.