Re: Paying for stuff in CHINA with Paypal
Do you have a Hong Kong Company?
Can you open a Hong Kong Company if you dont?
It is not so much the Chinese bank that is the issue, it is HOW LONG THEY HOLD THE FUNDS before releasing them and China is no longer hording USD per say and somewhat slows the flow of USD via Bank of China by these holds. TT or Wire transfer is Hold both in Federal Reserve and Bank of China for this same reason. Tightens the pipeline.
Now Hong Kong is altogether different. They want USD and they want word business. If you hire an agent to open a Hong Kong company, you can dump funds into it quickly and easily pay Chinese vendors, IF you do everything correctly.
Are you Chinese?
Last edited by yankee; 12-04-2014 at 09:00 AM.
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