It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
China's state broadcaster CCTV has accused the Bank of China of laundering money in Australia.
Source: finance.ninemsn.com.au...
originally posted by: minusinfinity
Wow! I always thought it was Canada.........hmmm.
originally posted by: neo96
Well yeah.
Since the state owns Chinas banks.
Hell the state owns all business, and finance there.
originally posted by: snowspirit
originally posted by: minusinfinity
Wow! I always thought it was Canada.........hmmm.
It's probably happening here too, real estate, oil field assets, etc.
originally posted by: TritonTaranis
Without a doubt much of China's big business is state owned by the government, from the oil, to banking, industrial, way more so than anywhere in the world, of course not all of it is but the vast majority...
originally posted by: DarknStormy
a reply to: Maigret
The Chinese aren't just laundering money here, they are buying everything they can get their hands on...
originally posted by: glend
a reply to: Maigret
Lot of stress in chinese financial systems so their rich are hedging their bets and the Australia government is welcoming it.
originally posted by: neo96
Well yeah.
Since the state owns Chinas banks.
Hell the state owns all business, and finance there.
Thanks for the statistics. I do business in China, have for 8 years. It would be news to the factory owners I work with that the government owns their factories.