The fact that the Chinese government is doing its utmost to control its currency and that Chinese companies and wealthy individuals suffer from this is clear. At the same time, however, one tries to do everything possible to bypass these currency registrations. This chapter will discuss the various ways how Chinese avoid currency registrations in China. More
This is the first part from a 3-serie part paper that I wrote on the 9th of June 2017. Please be advised that new events might have taken place that can make certain information in this post outdated.
In recent years, China has grown tremendously due to demand from abroad. Due to this economic growth, China has been able to develop at a fast paced rate. Now, China wants to make use of this development by not allowing the economy to depend on external demand from abroad, but move towards a consumer based economy. This first part looks at the new currency regulations and the causes that led to this. More