How to get money out of China?

CHINAS BANKING SYSTEM has undergone significant changes in the last two decades. The country has been trying to transform its banking industry into viable Western-style financial institutions. The result is that banks are now functioning much more like banks in the West than ever before. Many Chinese banks are forming partnerships and liaisons with international banking powerhouses. In China's liberalized economic regime, there are many ways to finance imports. The most commonplace are letters of credit and documentary collections. Under these methods, foreign exchange is allocated by the central government for an approved import.

Regarding China's conversion and transfer (foreign exchange) policies, all foreign-invested enterprises (FIBs) in China are entitled to open and maintain foreign exchange accounts for current account and capital account transactions. It also helps if you have obtained any kind of loan on your China operations from your American bank. The Chinese are then motivated to compete. They feel that they should ultimately provide the business financing necessary for China's business, even with foreign companies ¡­.

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