acockasian Posted January 31, 2015 Report Posted January 31, 2015 Title says it all. You think this is a good idea? US citizens in the US can open accounts at Bank of China in New York and hold time deposits in yuan. The usual FDIC insurance applies as this is the US branch of the Chinese gov owned bank. This is a pure bet on the Chinese gov letting the currency strengthen. Would you?
Coss Posted January 31, 2015 Report Posted January 31, 2015 I'd want to know what the effect of those cities, that the Chinese built to house millions, and are still empty, is on the short to medium term future of the Chinese economy.
acockasian Posted January 31, 2015 Author Report Posted January 31, 2015 http://www.bocusa.com/portal/Rates?ratesType=2&lang=1& The rates aren't great. Thinking more about the potential for appreciation. China has huge problems. No question.
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