Chinese illegally smuggled money out through fake purchase of goods , servicesRich Chinese setup companies to do business with oversea companies.
Their company purchased $10 millions worth of oversea goods or services on record when in fact only ,$5 million is real and the other $5 million is struggling money out to be deposited in their banks.
China should ban anf heavy fine oversea companies forever if audited they collaborated with smuggling money out.
Its Not through Banks but through front companies.
It's through this way, rich chinese funneled out money and caused China lost almost $1Trillion dollar in Forex. In 2014, China forex is almost $4 Trillion. Now, it's only $3Trillion. ummm ... China's Forex is from money coming into the country, not from money going out. There are currently sanctions in place against China which prevent as many goods being sold, therefore money coming in to China is reduced in amount. There has also been a global recession which also affects the influx of currencies in to China.
I think you need to research foreign exchange, and the in/out flow of currencies before making baseless accusations. cmknight Post time: 2018-10-7 02:09 static/image/common/back.gif
ummm ... China's Forex is from money coming into the country, not from money going out. There are cu ...
you don;t know what's happening in CHina