Once the rules take effect, Chinese companies will no longer have to report foreign currency transactions, or go through China’s central bank. Instead, these firms will be able to buy foreign currencies in whatever market they happen to be operating in, and will even be able to borrow from the banks in those markets as a way of fueling direct overseas expansion. Lastly, China-based firms doing business abroad will no longer have to repatriate assets, meaning they will be able to take their foreign profits and directly reinvest them overseas.

- How to Profit From China’s “Hot Money” Strategy, MoneyMorning.com, July 17, 2009.

About the author:

Zhang Xin is Trainer at chinadaily.com.cn. He has been with China Daily since 1988, when he graduated from Beijing Foreign Studies University. Write him at: zhangxin@chinadaily.com.cn, or raise a question for potential use in a future column.

【Hot point?】相关文章：

★ 谈英语学习策略

★ 小学英语课堂实录1（下）

★ 论坛精华：6个月彻底提升自己的英语水平

★ 论如何在农村小学英语教学中深化“新课程标准”

★ 巧学英语语法的好方法

★ 小学英语教学计划

★ 面试最后阶段一定不能问的17个问题

★ 提高英语听力方法

★ 这样练就纯正英语发音最有效！

★ 新概念各册学习经验