Xi's Desperate: Corrupt Officials Secretly Moved $254B Out of China!

"On October 23, The Wall Street Journal reported that about $254 billion has left China through illegal channels in the last year, from June 2023 to June 2024. This amount is even higher than the capital that exited China during the financial instability of 2015-2016. This current outflow is shaping up to be one of the largest waves of money leaving China through unofficial means. But it’s not just wealthy business people moving their funds out; a significant part of this outflow is from corrupt government officials.

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00:00 - Intro
01:38 - How Corrupt Officials Smuggle Billions Out of China
07:13 - Why Is China’s New Wave of Capital Flight Exploding?
#xijinping #moneylaundering #chinacorruption"