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Politics : The Arab-Israeli Solution -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (516)	5/17/2001 7:30:58 PM
From: SLSUSMA	Read Replies (2) \| Respond to of 2279

I've probably forgotten more than you have ever known...but then again, you can always resort to CNN as the source of your "history"...

To: Hawkmoon who wrote (516)	6/14/2001 3:51:04 AM
From: GUSTAVE JAEGER	Respond to of 2279

Re: Do you know anything about China?? After all, this IS the China discussion thread. Hawk And do you know anything about Hong Kong? HONG KONG China's Money Laundry The staggering increase in so-called foreign direct investment into Hong Kong last year suggests a growing flight of capital out of China with Hong Kong providing a conduit for the transfer of hot money--at considerable risk to its financial standing By David Lague/HONG KONG Issue cover-dated June 21, 2001 IT IS THE TIME OF YEAR in Hong Kong when summer monsoon rains periodically drench the city in grey, umbrella-bending sheets that send cascades of water roaring and foaming through steep stormwater drains and out into the South China Sea. High above, in the steepled glass and concrete towers of China's leading financial centre, another deluge is washing through the ledgers of Hong Kong's banks and investment houses. This torrent of funds, dubiously recorded in official statistics as foreign direct investment, last year measured a staggering $64.3 billion, far in excess of the $38 billion in offshore investment that poured into mainland China. Unfortunately for Hong Kong, virtually no one believes this former British colony has become a magnet for foreign investors to rival the motherland. The widespread suspicion is that Hong Kong is being used on a massive scale to launder money flowing in and out of China. "This is not classical foreign direct investment," insists Hong Kong-based economic and political-risk analyst Robert Broadfoot. "What it is, I don't know. Is it money laundering? If you don't want to use that word, what word do you use? There are not a lot of other choices." [...] feer.com