21–30 of 270 posts
Meanwhile, China’s ruling party is intent on attracting inbound foreign capital. Somehow i think that may be a challenge. There may be money to be made in China, but if you never know if you can get it out thats going to put a damper on things.
I'm not so sure about that. China has brought a lot of US debt https://www.ey.com/en_cn/china-overseas-investment-network/o...
Looks like a crypto currency event might be happening if the 2009 Greek govt and banking collapse was anything to go by. Looks like we'll be seeing just how underground crypto currency is with the Chinese Rich. Anyone spotting any patterns to confirm in the blockchains? https://www.scmp.com/tech/policy/article/3196781/chinas-cryp...
Do you think it's feasible to mine bitcoin to 'export' wealth from China? Or is there a way to buy bitcoin with Renmimbi?
I wonder what the billionaires do to get their money out? Do they pay people to travel with jewellery that gets sold for foreign currency once it's outside China? Do they overpay for imported goods and get the difference paid into a Swiss bank account? It's always interesting to me how really wealthy people pay for loopholes
Buy crypto in China, sell it abroad. At least that was one approach. Note if you do it fairly quickly it doesn't matter what the value of the crypto is, just the liquidity. Another way is 'business' investments in other SE Asian countries, that then get liquidated and moved further abroad. China does a lot of business with S. Korea for example. If you have an export company, and China exports a lot, you can hold a po…
I wonder what the billionaires do to get their money out? Do they pay people to travel with jewellery that gets sold for foreign currency once it's outside China? Do they overpay for imported goods and get the difference paid into a Swiss bank account? It's always interesting to me how really wealthy people pay for loopholes
Looks like a crypto currency event might be happening if the 2009 Greek govt and banking collapse was anything to go by. Looks like we'll be seeing just how underground crypto currency is with the Chinese Rich. Anyone spotting any patterns to confirm in the blockchains? https://www.scmp.com/tech/policy/article/3196781/chinas-cryp...
Do you think it's feasible to mine bitcoin to 'export' wealth from China? Or is there a way to buy bitcoin with Renmimbi?
It's my opinion there are generally 4 kinds of Chinese UHNWIs: 1. Mainland with no interest in foreign investment 2. Mainland mostly with some foreign investments 3. Split between mainland and foreign 4. Trying to move mostly foreign while keeping some in mainland (generally to take care of family or business concerns back home) In the US as a more stable asset haven, hot real estate markets are usually where large p…
What’s the point of this distinction? Also where do you get this information from?
Some people will care about an ability to move money offshore while others don't.
It's my opinion there are generally 4 kinds of Chinese UHNWIs: 1. Mainland with no interest in foreign investment 2. Mainland mostly with some foreign investments 3. Split between mainland and foreign 4. Trying to move mostly foreign while keeping some in mainland (generally to take care of family or business concerns back home) In the US as a more stable asset haven, hot real estate markets are usually where large p…
I mean technically people can’t own land in China, they’re just leasing it from the government. This assumption has been baked into real estate prices but people bid it up anyways.
Earlier quoted context omitted.
Do you think it's feasible to mine bitcoin to 'export' wealth from China? Or is there a way to buy bitcoin with Renmimbi?
China mines 50% of all bitcoins
[1] https://chainbulletin.com/bitcoin-mining-map/
[2] https://www.cnbc.com/2022/05/18/china-is-second-biggest-bitc...
Earlier quoted context omitted.
I mean technically people can’t own land in China, they’re just leasing it from the government. This assumption has been baked into real estate prices but people bid it up anyways.
Then I don't think the assumption is built into real estate prices.