>What about Gold / other foreign investments such as US securities?
Certainly, there is not a small industry for people hauling different debentures in and out of the country.
Certainly, there is not a small industry for people hauling different debentures in and out of the country.
Take, for example, Tiffany & Co. whose products are on average 30% more expensive when paying in RMB vs USD. This means that at best you will make 70% of what you are trying to extract.
It's for this reason that this is not very attractive since there are many other schemes/methods by which you can get a better extraction rate.
Naturally, China has high VAT. But if you are just a small time criminal who just wants to secure his "koosh of a lifetime" that he will never be able to earn even if we will spend multiple lifetimes working?