Looks like Chinese people will have to find other ways to get their hands on Bitcoin than Chinese exchanges in the future. I don't see any reason why the Government wouldn't ban the next thirdparty BTCChina hooks up with.

I heard Loaded flew into China with a plane load of cash and bought all the bitcoins.

Every exchange is now following the movements of this one exchange which is seeing liquidity cutoffs, government action, a reducing order book, and a reducing volume, and has led us to 3 crashes this month (in a downtrend) - who knows what their government will put of of their ass next. Yet all the exchanges still follow it move by move and tonight it does something and every goes 'yay rally time to the moon'. I dont get it.

The answer is arbitrage.

Tell me how you'd do it, please.

Correction from pitiful mini raly coming in 5 4 3 2 1

Buy coins privately and sell them at bit stamp or btce. I cannot do like this bit there're plenty of people can do.

Thanks.  I can't either.  All of the local coins I've seen are priced too high to transfer and sell.

Would this work:

  * Buy BTC with USD outside China
  * Sell the BTC in China for RMB
  * Use the RMB to buy goods or stock in Chinese market
  * Sell goods/stock outside China for USD

or the other way around.   Not for amateurs, of course.

This would equalize prices but according to some "exchange rate" that is not the official one, due to extra costs.

Which is what we see, right? They track each other but not at the official exchange rate.