Is it wise to close overseas bank account and keep all money in RMB in a Chinese bank?- eChinacities Answers

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Redaria

Posts: 430

Shifu

Q: Is it wise to close overseas bank account and keep all money in RMB in a Chinese bank?

Well, the American and European economies are in ruins and things may get a lot worst than they already are. The US is bankrupt and the Euro might crumble...so is China a relatively safe place to store money?

12 years 35 weeks ago in Money & Banking - China

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elsaees

Posts: 150

Governor

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I think if you're absolutely loaded the best thing would be to invest your money in sustainable farming or at least buying property with a big plot of land attached. That way, when the capitalist world as we know it crumbles and banks no longer exist, you'll have the comfort of knowing that you can always survive on your vegetable garden.

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12 years 35 weeks ago

MrBean

Posts: 8

Governor

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Australia 5 to 6.5 % interest

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12 years 35 weeks ago

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