I am entertaining the thought of wiring some $ to Chinese Banks, like Bank of China, to take advantage of potential appreciation of RMB. But I am a little concerned about the liquidity of these banks because of the number of bad debts on their books. I am not no economist but I have to ponder upon the dooms day scenario of economical and social crisis.
My question for everybody is - how do you feel about your money in Chinese banks? Any possibility of banks not being able to fulfill its obligation if everybody wants to withdraw?
