Xu, Wen: China to accelerate capital outflows described unstable regimes
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Date: 12/2/2013 4:35:36 PM
Sender: Xu, Wen
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Xu, Wen: China to accelerate capital outflows described unstable regimes
许文（Xu, Wen）
Mainland Chinese mainland capital outflows accelerated devaluation continued to increase, and there is no recovery in the near future may be, promising to make the Chinese economy and the Chinese Communist regime＇s instability, causing people on the mainland renminbi lose confidence, worry about their bank deposits or financial assets shrink, funds will have to move overseas, now more than trillions of dollars.
Outflows of different ways, the rich people in mainland China to sell their property taken, the purchase of foreign financial products, etc. methods.
Ordinary people in mainland China, the government is trying to evade capital controls, every commissioned by relatives and friends to carry out or remitted $ 50,000 annual limit purchase of foreign exchange, called split up, add up the number is staggering.
CPC in order to prevent a massive outflow of funds, the development of various policies and banking regulations be limited, while the use of administrative measures to block the illegal outflow of each channel, such as the prohibition of mainland residents to buy overseas life insurance and other financial products, investment banks and private underground closed network, etc., but now these measures did not seem to play to prevent capital outflow effect.
Xu, Wen
December 2, 2013
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