2016-03-10

How to Get Money Out of China March 2016 Edition

China’s new restrictions on foreign currency outflows are literally changing the way our China attorneys practice law in the sense that we now account for this on any transaction that will involve money flowing from China to some other country. I do not want to get specific on what we are doing but I can say that we are now always looking at whether the money can come from somewhere other than China and, equally importantly, we are also always looking to write our contracts so as to minimize China currency blocking triggers.
China Law Blog: Getting Money Out of China: The Reality Has Changed

Solution: more imports.

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