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Strategies & Market Trends : True face of China -- A Modern Kaleidoscope -- Ignore unavailable to you. Want to Upgrade?


To: hui zhou who wrote (9113)10/27/2010 1:20:08 PM
From: RealMuLan  Respond to of 12464
 
yep, wonder why those casinos in AuMen make money? and from where?

Chinese banks need to improve their monitoring of big transaction across borders.

6-7 years ago, I wired 9K US$ to my brother (I borrowed from him, then gave him back) through Chase to Bank of China. A week or two later, Chinese Security Department (Guo Jia An Quan Bu) people went to his office, or called him on the phone? did some inquiry about the transaction.

That shows, China does monitoring money across the border, especially for those who work for the state in Beijing. What they really need to improve is to monitor other provinces high ranking officials and big business.



To: hui zhou who wrote (9113)10/27/2010 1:25:41 PM
From: RealMuLan  Read Replies (1) | Respond to of 12464
 
[This is what China gets by dancing with Wolves! That said, US out-of-control printing harms EVERYONE, NOT just Chinese! The only difference is Rich all over the world can afford the high inflation, the poor all over the world CANNOT! including the poor in the U.S.!]--"SHANGHAI (AP) -- Out-of-control printing of the U.S. dollar is forcing inflation on China, pushing up prices for commodities and labor, trade minister Chen Deming says in an escalation of rhetoric over currency and other tensions ahead of key international meetings."
finance.yahoo.com