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slapass · 09-21-2006, 12:02 PM

Just a heads up but the inflation rate is zero. Their is zero tax to foreigners on the interest earned. They also have one of the largest trade surpluses in the world, higher per capita then China (last time I looked a few months ago). The bank i am going to use is called "citibank". Yep the one and the same. The biggest bs is the red tape to get the documents to open an account.

Negatives. They are recruiting foreign cash to push the interest rates down. Inflation was a huge problem in the recent past. The currency was the strongest in the world against the dollar last year. Might be a little too strong?

http://www.bloomberg.com/apps/news?p...m5w&refer=news

Edit inflation was .05 last month.

http://english.people.com.cn/200609/...07_300525.html

09-21-2006, 12:02 PM
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,625	Just a heads up but the inflation rate is zero. Their is zero tax to foreigners on the interest earned. They also have one of the largest trade surpluses in the world, higher per capita then China (last time I looked a few months ago). The bank i am going to use is called "citibank". Yep the one and the same. The biggest bs is the red tape to get the documents to open an account. Negatives. They are recruiting foreign cash to push the interest rates down. Inflation was a huge problem in the recent past. The currency was the strongest in the world against the dollar last year. Might be a little too strong? http://www.bloomberg.com/apps/news?p...m5w&refer=news Edit inflation was .05 last month. http://english.people.com.cn/200609/...07_300525.html Last edited by slapass; 09-21-2006 at 12:03 PM..