Monday, June 20, 2011

China : billions leaked out of the country via corruption

Snapshot Summary :
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. Corrupt officials embezzled billions of dollars out of China.
. Money supply basically leaked out or more like flow out of the country.
. Into luxury goods and casionos.
. That extra billions could have gone into the stock market
. Which I guess the locals have no conviction of it either.
. At least the smart money.
. The systemic corruption in the system. What is the communist government going to do about it now that it's affecting money economics ?
. Will the government liberalized the stock market ?
. Open it up to foreigners ?


http://www.marketwatch.com/story/chinas-divergent-insider-assets-markets-2011-06-19?link=home_carousel

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