5 ms·
Seems like fairly easily dealt with by foreign big capital kind of money. They can just buy some commodity with their chinese cash, export it as a trade good,
by notch898a 4y ago
Seems like fairly easily dealt with by foreign big capital kind of money. They can just buy some commodity with their chinese cash, export it as a trade good, then import it in the country of choice and sell it and deposit it in their account. Sure you may lose 20% of profits in the process but that's probably ok if you're getting access to an untapped market.
- charlieyu1 4y agoSales doesn't go up suddenly just because you import extra to sell
- onethought 4y agoIt does, if as the gp stated you sold it for 20% less.
- refurb 4y agoA even better method is to start a business in China and get permission to send money overseas to buy “supplies”. I was talking to guy in California who got an order for $1M in chips from a Chinese company. He had done tons of business in China and even had a factory there. Sent the invoice ahead of time (no product shipped) and the guy in China went silent. His theory was that they used the invoice to get approval to exchange to USD and send it to the US. They probably edited the invoice to change the bank account the payment was made to. That worked years ago, but nothing stops the Chinese government from clamping down on it.