Here's The Ultra-Clever Way That The Chinese Are Circumventing Capital Controls
Submitted by Simon Black via SovereignMan.com,
Well, it happened again.
China’s stock market plunged, sending more than half a trillion dollars to money heaven.
What a surprise, it turns out that a massive credit bubble is actually unsustainable and will eventually burst. Shocker.
And just like what happened last year when Chinese stocks tanked, the government is stepping in to centrally plan the stock market recovery.