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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (137700)12/31/2017 1:50:42 AM
From: elmatador1 Recommendation

Recommended By
Elroy Jetson

  Read Replies (1) | Respond to of 217546
 
Moving on
China tightens rules on oversea cash withdrawals
The move comes as China has struggled with capital flight and tightened capital controls this year to stem the outflow of money
Agence France-Presse
Posted at Dec 31 2017 07:42 AM

The annual limit will be set at 100,000 yuan ($15,355) per person from Monday -- no matter how many cards a person has.

Currently, there is an annual ATM cap of 100,000 yuan for each separate card, but there is nothing to stop users withdrawing many times this amount using multiple cards.

The foreign exchange regulator said that if any Chinese is found using mainland bank cards to withdraw more than 100,000 yuan from overseas ATMs within a calendar year, they will be barred from taking out cash abroad using any mainland bank card for the rest of the year as well as the following year.





news.abs-cbn.com



To: Elroy Jetson who wrote (137700)12/31/2017 2:13:26 AM
From: elmatador  Read Replies (1) | Respond to of 217546
 
Genetics is fate. There is nothing much we can do about. Chinaless growth

The last time we had growth was during the Chinese decade propelled by the US printing com gusto.

That ended 2008. From there on growth propelled by stimulus. Now even GDP growth is good as signals a return to the medium.

goldmansachs.com