15 ms·

I'm kind of surprised China allows the money to leave. But with the air so toxic I don't blame them. Of course if they are coming to the US, they best avoid t

by ck2 13y ago

I'm kind of surprised China allows the money to leave. But with the air so toxic I don't blame them. Of course if they are coming to the US, they best avoid the water.

adventured 13y ago
The water? America has extraordinarily clean water systems overall, among the best in the world in fact. It also has one of the highest renewable water foundations (trailing only Brazil, Russian and Canada). It's also very diverse, some cities are much better than others. The notion that a person moving from China to America would worry about the water is borderline comical. Most of America's cities have an overly abundant supply of clean drinking water. Those that don't are almost always situated in a desert.
- seanmcdirmid 13y ago
  Water in China isn't potable in general. We laugh at your west virginian river water contamination with the Songhua.
- AaronIG 13y ago
  I'm pretty sure that statement was tongue-in-cheek, given the recent water woes in West Virginia.
  - ck2 13y ago
    Not just West Virginia, lots and lots of places because the infastructure is wearing out and regulations either don't exist or are being ignored. Anywhere there is gas mining, Hawaii, etc. https://www.google.com/search?q=water+pollution+-virginia&tbm=nws https://www.google.com/search?q=water+pollution+-virginia&tb... Just because it doesn't make national news, doesn't mean something really bad isn't happening, there is a ton of gun violence in Chicago every week and the national news ignores is.
nemesisj 13y ago
I'm not completely familiar with the current state of affairs on how freely RMB can leave the country, but even when there were strict controls in the 80s and 90s (you had to have receipts of USD being changed into RMB to change any RMB back to USD, and couldn't exceed what you put in) it was relatively straightforward to get money out of the country. Consider - an acquaintance started a western car dealership which he ran successfully for years, then sold. Flush with lots more RMB than he had invested in USD, he simply created a quality building supply exporting company which sold Chinese building supplies (like marble) in USD to US customers, while purchasing them in country with his RMB. He also built his house with these building supplies. In a year or so, all of his RMB was used up, and that was that. This was a relatively "small business" owner compared to the kinds of tycoons we're talking about in Russia and China. Replicated this on a larger scale would be trivial, even if there were rules about it.
- raverbashing 13y ago
  Exactly As governments tighten their control, there are several "creative" ways of sending money abroad being created every day.
monkeyninja 13y ago
Canada and Australia stay the most popular destination for corrupted officials from China, while U.S. may see some rich businessmen.

by ck2 13y ago

I'm kind of surprised China allows the money to leave. But with the air so toxic I don't blame them. Of course if they are coming to the US, they best avoid the water.

adventured 13y ago

The water? America has extraordinarily clean water systems overall, among the best in the world in fact. It also has one of the highest renewable water foundations (trailing only Brazil, Russian and Canada). It's also very diverse, some cities are much better than others. The notion that a person moving from China to America would worry about the water is borderline comical. Most of America's cities have an overly abundant supply of clean drinking water. Those that don't are almost always situated in a desert.

seanmcdirmid 13y ago
Water in China isn't potable in general. We laugh at your west virginian river water contamination with the Songhua.
AaronIG 13y ago
I'm pretty sure that statement was tongue-in-cheek, given the recent water woes in West Virginia.
- ck2 13y ago
  Not just West Virginia, lots and lots of places because the infastructure is wearing out and regulations either don't exist or are being ignored. Anywhere there is gas mining, Hawaii, etc. https://www.google.com/search?q=water+pollution+-virginia&tbm=nws https://www.google.com/search?q=water+pollution+-virginia&tb... Just because it doesn't make national news, doesn't mean something really bad isn't happening, there is a ton of gun violence in Chicago every week and the national news ignores is.

nemesisj 13y ago

I'm not completely familiar with the current state of affairs on how freely RMB can leave the country, but even when there were strict controls in the 80s and 90s (you had to have receipts of USD being changed into RMB to change any RMB back to USD, and couldn't exceed what you put in) it was relatively straightforward to get money out of the country. Consider - an acquaintance started a western car dealership which he ran successfully for years, then sold. Flush with lots more RMB than he had invested in USD, he simply created a quality building supply exporting company which sold Chinese building supplies (like marble) in USD to US customers, while purchasing them in country with his RMB. He also built his house with these building supplies. In a year or so, all of his RMB was used up, and that was that. This was a relatively "small business" owner compared to the kinds of tycoons we're talking about in Russia and China. Replicated this on a larger scale would be trivial, even if there were rules about it.

raverbashing 13y ago
Exactly As governments tighten their control, there are several "creative" ways of sending money abroad being created every day.

monkeyninja 13y ago

Canada and Australia stay the most popular destination for corrupted officials from China, while U.S. may see some rich businessmen.