{"id":13692,"date":"2016-02-21T09:00:53","date_gmt":"2016-02-21T14:00:53","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=13692"},"modified":"2016-02-21T11:53:06","modified_gmt":"2016-02-21T16:53:06","slug":"some-chinese-business-leaders-are-so-nervous-about-the-economy-theyre-losing-lawsuits-on-purpose","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2016\/some-chinese-business-leaders-are-so-nervous-about-the-economy-theyre-losing-lawsuits-on-purpose\/","title":{"rendered":"Some Chinese Business Leaders Are So Nervous About The Economy They\u2019re Losing Lawsuits On Purpose"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2016\/02\/022116_1651_SomeChinese1.jpg\" alt=\"\" width=\"640\" height=\"427\" \/><\/p>\n<p>People always find a way wrote Chuin-Wei Yap:<\/p>\n<ul>\n<li>Due to concerns about China&#8217;s economy the rich are increasingly looking for ways to move their cash to safe havens abroad.<\/li>\n<li>To prevent sudden capital flight the government has limited transfers of cash out of the country to $50,000 a year.<\/li>\n<li>One company tried to hire a law firm to exploit a loophole by sueing itself for breach of contract. The plan was that the company would lose the lawsuit, and thus pay $3.5 million to its foreign subsidiary abroad.<\/li>\n<li>It was hoped that going through the entire legal process would keep the government blind to what was really going on.<\/li>\n<\/ul>\n<p>Read more <a href=\"http:\/\/blogs.wsj.com\/chinarealtime\/2016\/02\/16\/china-capital-flight-2-0-lose-a-lawsuit-on-purpose\/?mod=WSJBlog\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/blogs.wsj.com\/chinarealtime\/2016\/02\/16\/china-capital-flight-2-0-lose-a-lawsuit-on-purpose\/?mod=WSJBlog\">The Wall Street Journal<\/a><\/p>\n<p>Via: <a href=\"http:\/\/marginalrevolution.com\/marginalrevolution\/2016\/02\/time-inconsistent-locksmiths.html\">Marginal Revolution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>People always find a way wrote Chuin-Wei Yap: Due to concerns about China&#8217;s economy the rich are increasingly looking for ways to move their cash to safe havens abroad. To prevent sudden capital flight the government has limited transfers of cash out of the country to $50,000 a year. One company tried to hire a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2016\/02\/022116_1651_SomeChinese1.jpg","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/13692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=13692"}],"version-history":[{"count":3,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/13692\/revisions"}],"predecessor-version":[{"id":13695,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/13692\/revisions\/13695"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/13691"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=13692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=13692"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=13692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}