About making money in China-?
Perhaps someone can answer this or provide me with links to advise... If you are a foreigner working in China, how much of the money that you make can be put into an overseas (non-Chinese) bank? How much of your income can leave China when you return to or visit your home country? Once in another country, can you withdraw money you have put in a Chinese bank and convert it to other currencies? Thank you. :)
China - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
I can only help you on certain things. So... I make Chinese Yuan. I have a Chinese Bank Account. (Bank of China). I transfer Chinese money to USA dollars to my Bank Of America account all the time. Last time I did 14,000 Yuan. I did get charged a $42.00 fee for that. i don't know how much you can take out of China. I do plan on Taking 25,000 Yuan when I go back to visit the states. But I am exchanging the YUAN to US DOLLARS before I go. I have a friend that can do this for me on the "LOW DOWN" I believe if in another country you can access your money. Since I am in China and I can access my USA Bank account. But again there is always a fee.
2 :
Why not ask your nearby Chinese Consulate ot Wall-Mart?
3 :
The rules are fairly complex. If you have a foreign experts certificate, then you can convert a certain amount of your income into a foreign currency. I think it is 25%. Some contracts will automatically do this for you, if you request. Anything in a foreign currency can be taken out of China without any restrictions. In theory, you can take all your money out of China if you have paid the tax on it. However generally speaking most employers won't give you a tax advice and some pay you tax free, which means you are supposed to pay the tax yourself (this is not actually legal, but many companies do it). You can take, I think, 8,000 RMB legally out of the country. If you live near Hong Kong you can take it out in your pocket and transfer or deposit it easily in Hong Kong. You can also stuff 100,000 RMB in your pocket and only have to pay tax if you are stopped. China uses Union pay as their bank standard. This can be easily accessed in many countries, but not (last time I checked) in Canada and with only limited access in the US. Search union pay on the Internet to see. You can access your money abroad in many ways, such as buying travellers checks, getting debit cards or using Western Union for a transfer. Many people also convert their money on the black market.
Tuesday, June 28, 2011
Tuesday, June 14, 2011
How can printing more money make it worth less?
How can printing more money make it worth less?
Like, you know how the U.S. is in debt? When I first heard that, the first thing I thought was "Print more money" and I didn't think of it again until someone brought it up a couple days ago in my AP Human Geography class. I don't understand how printing more money can make it worth less. Like how Germany (I think it was that country) printed more money to pay off a debt; how China printed a lot of money, making it worth less; and how the pound is worth more than U.S. dollars. I really don't get it ._.
Other - Politics & Government - 4 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Money's value is detirmined through how much of it there is. The more there is, the less its worth. Another thing about our American dollar is that there is no backing it, while most other countries have some backing to it. so when they print moreit means they genuinly have more money, while we have nothing to back it except for the amount of it and the power of our government.
2 :
At one time our money was backed by gold - one paper dollar for one oz of gold now if you printed two or more dollars backed by the same amount of gold that's called inflating the dollars and of course each dollars is worth less. Today our dollars are not backed by any metal but non the less a few short years back gold was selling for 2 to 3 hundred dollars an oz. today it's been batting near 2000 dollars an oz - it's because of inflation and huge printing of dollars.
3 :
You need to take Econ 101.
4 :
the more that is printed the less it is worth. Printing more money that can't be backed causes the value of the dollar to go down which causes inflation.
Like, you know how the U.S. is in debt? When I first heard that, the first thing I thought was "Print more money" and I didn't think of it again until someone brought it up a couple days ago in my AP Human Geography class. I don't understand how printing more money can make it worth less. Like how Germany (I think it was that country) printed more money to pay off a debt; how China printed a lot of money, making it worth less; and how the pound is worth more than U.S. dollars. I really don't get it ._.
Other - Politics & Government - 4 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Money's value is detirmined through how much of it there is. The more there is, the less its worth. Another thing about our American dollar is that there is no backing it, while most other countries have some backing to it. so when they print moreit means they genuinly have more money, while we have nothing to back it except for the amount of it and the power of our government.
2 :
At one time our money was backed by gold - one paper dollar for one oz of gold now if you printed two or more dollars backed by the same amount of gold that's called inflating the dollars and of course each dollars is worth less. Today our dollars are not backed by any metal but non the less a few short years back gold was selling for 2 to 3 hundred dollars an oz. today it's been batting near 2000 dollars an oz - it's because of inflation and huge printing of dollars.
3 :
You need to take Econ 101.
4 :
the more that is printed the less it is worth. Printing more money that can't be backed causes the value of the dollar to go down which causes inflation.
Tuesday, June 7, 2011
how can i make money from my online magazine?
how can i make money from my online magazine?
I'm trying to start publishing my magazine online. The online magazine will also be a source of other vital information for people. We base in China not in the USA. How can we make money hosting this site? Does people who place their link pay us? If companies advertise on our website, do they pay?
Search Engine Optimization - 6 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Most sites make $$$ the same way , and all mags make it the same Advertising , Advertising or Advertising . Yes advertisers and people wanting their links pay . >
2 :
first u can monitor traffic on website. that u can show to some advertisers. say airline company. put their ads on site. and earn,
3 :
Stop tripping and go to www.payucash.info
4 :
There are various ways to monetise your site, for instance there are a couple of companies that will pay you a regular income for hosting three banner adverts on an approved website - just submit three URL's to them and they will send you some HTML code to add to the site if they approve it. Other ways are all various forms of advertising, there is a company called Linkworth who will suggest advertising rates to you based on the hits your site receives. They notify potential advertisers and may offer your some additional adverts. For a fuller description, please visit the 'monetise' section of my website here: http://www.livewyre.net/monetise.php Hope this helps
5 :
Online Ad Clicking is a great way to make some money. http://bux.to/?r=jabamango I been using this free program for 7 month now, i'm making about $200 a week. Try it dude!!
6 :
Try Google adsense to start, then expand from there. www.google.com/adsense Jon http://www.seosecretslive.com
I'm trying to start publishing my magazine online. The online magazine will also be a source of other vital information for people. We base in China not in the USA. How can we make money hosting this site? Does people who place their link pay us? If companies advertise on our website, do they pay?
Search Engine Optimization - 6 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Most sites make $$$ the same way , and all mags make it the same Advertising , Advertising or Advertising . Yes advertisers and people wanting their links pay . >
2 :
first u can monitor traffic on website. that u can show to some advertisers. say airline company. put their ads on site. and earn,
3 :
Stop tripping and go to www.payucash.info
4 :
There are various ways to monetise your site, for instance there are a couple of companies that will pay you a regular income for hosting three banner adverts on an approved website - just submit three URL's to them and they will send you some HTML code to add to the site if they approve it. Other ways are all various forms of advertising, there is a company called Linkworth who will suggest advertising rates to you based on the hits your site receives. They notify potential advertisers and may offer your some additional adverts. For a fuller description, please visit the 'monetise' section of my website here: http://www.livewyre.net/monetise.php Hope this helps
5 :
Online Ad Clicking is a great way to make some money. http://bux.to/?r=jabamango I been using this free program for 7 month now, i'm making about $200 a week. Try it dude!!
6 :
Try Google adsense to start, then expand from there. www.google.com/adsense Jon http://www.seosecretslive.com
Wednesday, June 1, 2011
If China is artificially lowering its currency, how do we make money off it?
If China is artificially lowering its currency, how do we make money off it?
Economics - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Buy as much Chinese goods as possible (because they are cheapest in the World) and take very low interest dollar loans from the Chinese to finance the imports of China and force China to undervalue her currency further. This is what the US has been doing. And, that is the correct strategy. The country that undervalues it curreny for long period of time suffers the most,
2 :
Go to an investment services firm and tell them you want to sell the chinese currency short. Open an account and deposit your money in it. Warning: speculation on exchange rates is very dangerous!
Economics - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Buy as much Chinese goods as possible (because they are cheapest in the World) and take very low interest dollar loans from the Chinese to finance the imports of China and force China to undervalue her currency further. This is what the US has been doing. And, that is the correct strategy. The country that undervalues it curreny for long period of time suffers the most,
2 :
Go to an investment services firm and tell them you want to sell the chinese currency short. Open an account and deposit your money in it. Warning: speculation on exchange rates is very dangerous!
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