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You cannot as a private person legally move more than about 100K USD out of mainland CN per year. You have to resort to criminal elements. Only they have the ne
by popcalc 2y ago
You cannot as a private person legally move more than about 100K USD out of mainland CN per year. You have to resort to criminal elements. Only they have the network. It's one of those things everyone does but lives in fear of being used against them by an enemy down the line.
- alephnerd 2y agoThe currency controls only began being enforced by Xi's admin in 2017-18, and it's just another tool of his to further entrench control. Ironic given that his daughter attended Harvard, which is very pricy on a 2000s-era party salary.
- tokioyoyo 2y agoI mean, 50K/year limit is pretty trivial to overcome. Those controls exist in a lot of countries, and anyone who has a decent amount of money is aware of ways of getting around it legally.