World's Largest Economy Enacts Capital Controls...This Won't End Well...

"According to the SCMP, to gree the New Year, Beijing will implement new limits on the amount of money people can withdraw from their Chinese bank accounts while overseas, "in the latest move by Beijing to tighten its capital account controls and curb money outflows." Under the new rules individuals will be allowed to withdraw a maximum of 100,000 yuan (US$15,000) a year, regardless of how many separate bank accounts or ATM cards they have, China's FX regulator, the State Administration of Foreign Exchange said in a statement released on Saturday."