4 ms·

I haven't heard of it. Could you be more specific about restrictions on capital export? I believe those restrictions won't work when goods and people could mov

• wisty 13y ago
  People in China can't. They have to go through customs, which forbids taking large sums of cash. And you can't electronically move money in or out of China so easily. The banks have restrictions. There's ways around it. Suitcases full of cash (or gold) which you hope the customs officials won't notice, multiple trips to Hong Kong, junket trips (paying for credit at a casino in Macao, then "withdrawing" through a roulette table). There's probably other ways. Maybe cash in a shipping container? On the flip side, people outside China want to move money in, and can't. So they get Chinese companies to fake export receipts, pay for the export (officially), then collect the cash from the Chinese company on the other side.
  • gte910h 13y ago
    Bitcoin was a wonderful way to do that for awhile, still happening as well, just less so.
• huhtenberg 13y ago
  Can't be more specific, sorry. There's a general sentiment that you can pick up by reading news and blogs written by business people - the sentiment that it's hard to impossible to take substantial money out of Russia. If you earn tens of millions dollars and up, you now need to find ways to spend them in Russia. State (read - Putin) has really tightened the valves.