According to the People's Daily the rules will change on how much renminbi Chinese business people can exchange for foreign currencies.
China has more foreign exchange reserves (Over $1 billion) than any other country in the world.
On July 1st, State Administration of Foreign Exchange (SAFE) will make the change so that Chinese domestic investors can start aiming overseas.
Practically...that means we can start looking for the Chinese to come shopping for business opportunities here in the states and elsewhere...much like Japan did a while back.
Question: what business opportunity do you have that the Chinese might be interested in?
It is time to give that thought some serious attention, no?
What do you think?
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