Sunday, December 25, 2016

China Will Always Be A Place To Make Money, Not A Place To Keep It

China's love affair with the dollar

When former Chinese Politburo member Zhou Yongkang was arrested in 2014 on corruption charges, the scale of his ill-gotten gains was astounding, totalling some $16bn. When sums that large are involved most of the assets have to be invested in financial instruments and real estate. But the list of physical currency found in his homes is…