3 ms·

In some cases the line is probably thin between "wealthy Chinese trying to park their money outside of China" and "money laundering"

• dahdum 6y ago
  It bothers me how much people are happy to assume criminality in these cases, especially when the capital controls presumed to be broken would be considered outrageous if applied locally.
  • sumedh 6y ago
    >It bothers me how much people are happy to assume criminality in these cases Are you sure taxes are being paid in China before they take out the money? There are documentaries on youtube which show Canadian real estate agents willing to look the other even when they are told that money coming from China is dirty. Ofcourse not all the money is dirty.
    • dahdum 6y ago
      > Are you sure taxes are being paid in China before they take out the money? I don't know either way, but China is more capable than most of handling that. I just can't get behind this xenophobic idea that every foreign buyer is a "money laundering criminal", especially when foreigner is near synonymous with "Chinese".
      • sumedh 6y ago
        > but China is more capable than most of handling that. How do you know that? > I just can't get behind this xenophobic idea that every foreign buyer You are throwing the baby with the bath water. Its not everyone but some of them are.