China Imposes New Capital Controls, Targets Foreign Real Estate Purchases, as Yuan Falls to 11-Year Low
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Wiring money overseas is not allowed for the purposes of purchasing real estate or insurance products”: banker in China China’s State Administration of Foreign Exchange (SAFE) has rolled out a new set of currency controls to crack down on capital flight from China to other countries, particularly targeting real estate investments … Read more