Tag: Hong Kong

China Escalates Crackdown On Corrupt Banking: 370 People Arrested In Illegal Foreign-Exchanges Totaling $64 Billion.

HONG KONG, Nov. 20 (UPI) — China has arrested suspects for illegal foreign-exchange transactions totaling $64 billion – in Beijing’s campaign against widespread corruption. The crackdown took place in eastern Zhejiang province, where more than , face lawsuits or some other penalty, Bloomberg reported Thursday. Underground banking and money-laundering activities totaled $125.4 billion since April,…

US Admiral: I Am Absolutely Concerned About China Military Buildup

Clinton Administration Financed The Military Buildup Of China: Why? HONG KONG — A U.S. Navy admiral expressed new concern Friday over China’s military buildup and urged Beijing to be clearer about its intentions. With China’s military growing at an “unprecedented rate,” the U.S. wants to ensure that expansion doesn’t destabilize the region, Rear Adm. Kevin Donegan…