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Well yeah, Chinese millionaires shoving money into things it will be hard for the Chinese .gov to seize doesn't make for nearly as juicy of a story as organized

Well yeah, Chinese millionaires shoving money into things it will be hard for the Chinese .gov to seize doesn't make for nearly as juicy of a story as organized crime. With the current political situation the selection of the laundering proceeds of crime narrative rather than the sheltering assets from government makes further sense. The fact of the matter is that the article is nothing but hearsay. Sure, it looks like there's some sketchy money laundering going on but getting your money out of China and flying under the radar while doing it is likely to involve the same sorts of laundering shenanigans as liquidating the proceeds of crime.

seanmcdirmid 8y ago
Much of the money sliding around in China is grey money, so it is likely to be money laundering from the Chinese perspective. And a lot of that money is earned via prostitution, gambling dens, and whatever that are typically thought of us crimes. Heck, organized crime is rife in China, except rather than being run by a mob, its more often run by the PLA or police. Admittedly, it’s not that bad anymore (Xi has really cracked down and things have cleaned up a lot), but it was 10 years ago that this wasn’t the case, that is at least some of the money going to Canada.