Common Sense

Why you should open a Chinese bank account immediately


From The Daily Crux:

Last week we alerted you that the Bank of China has now made it extremely easy for Americans to open yuan-denominated banks account here in the U.S.

Today we're passing on a piece that explains why opening an account of your own could be one of the best financial decisions you make this year. Besides the obvious advantage of diversifying some of your assets outside of the U.S. and the dollar, the undervalued yuan also offers the chance for significant capital appreciation... something you can't get at U.S. banks.

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