The way to socialite---A Chinese girl in UK
China recovered from the 2008 global financial crisis and has the fastest growing economy in the world due to the 4000 billion financial stimulus, which means more RMBs were printed out and inflation. Housing price boosted like rocket after year 2008. RMB depreciated quickly inside China, but still very strong outside because Chinese government has a large amount of foreign exchange reservation to sell to support RMB’s exchange rate to U.S dollars in the international market. From earlier before 2010, many Chinese corrupted officials had been trying to escape from China with their money, or sent their families overseas. In 2012, a senior Chinese official called Bo Xilai was arrested, this event triggered a great turmoil in China and people were worrying about instability in politics, billions of money poured out of China via different channels. After the new president Xi Jinpin’s debut, the anti-corruption movement stormed all over China. Many corrupted officials or businessmen ...