How the Money Is Getting Out

There are various methods, legal and otherwise, to move capital out of China.

Finding “Smurfs” Chinese citizens who want to send more than $50,000 — the allowable limit — out of the country can arrange for relatives or friends to exchange money for them.

Buying overseas businesses Businesses and wealthy families can spend up to $1 billion on acquisitions with minimal scrutiny.

Buying life insurance By buying a policy denominated in American dollars, and paying for it in Chinese renminbi, individuals can take money out of the country, although China is tightening limits on this.