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Strategies & Market Trends : Asia Forum
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To: tekgk who wrote (431)1/5/1998 11:24:00 AM
From: RealMuLan  Read Replies (3) of 9980
 
tekgk: As a Chinese myself, I can tell you that the underground market in China for foreign currency is not prosperous at all, if not non-existed, because the exchange rates between Yuan and US dollar are about the same for the underground market and official banks ever since 1994. There was a little difference back in 1993, about 3% higher in underground market. And even if then you could hardly find any people did this kind of business because the margin was too small and it was illegal. You can make more money in other legal business than in this illegal business.
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