China sees more capital inflows despite Fed tapering

[CityFarmer]

Other countries are worrying on capital outflow, but China worries on capital inflow...

China sees more capital inflows despite Fed tapering

BEIJING - China’s firmer yuan and higher interest rates could attract more money inflows this year despite the possible impact of stimulus tapering on the US Federal Reserve’s easy policy, the country’s foreign exchange regulator said on Friday.

The Chinese authorities are considering a “Tobin tax” on financial transactions to deter speculative capital flows, said Mr Guan Tao, Head of the Department of International Payments at the State Administration of Foreign Exchange (SAFE). A Tobin tax is a small charge on individual currency transactions to discourage excessive speculation.
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http://www.todayonline.com/business/chin...d-tapering

[soros]

A lot of the profit made in China is hand carried out in personal baggage or personal wallet over the border into Macau where it changed into chips at the Casino and wagered on the Casino tables. The Casino shroff office mark the incoming billions of yuan bank notes as "speculative banknotes " and bulk up to recycle back into China labelled as "speculative capital flows".

I don't understand why the chinese authorities want to discourage the return of their own banknotes ?

[pianist]

macau govt giving hongbao to all its registered residents every year during cny..heard is about S$2k+- irregardless whether u earn high/low or stays in 2/3/4 bedders flats/house..heard this from my colleague..dunno true bo