Monthly Archives: July 2014

Reported, then Censored: Chinese Media on PRC Bank of China and Money Laundering

State Media: Bank of China Engages in Money Laundering The state’s media, China Central Television (CCTV), reported that the Bank of China, one of the four major state banks, engages in money laundering. In violation of government control of cross-border … Continue reading

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Yale University’s Finance Professor Chen Zhiwu on China’s Economy and Its Rule-by-Law Shortcomings

Yale University School of Management Finance professor   陈志武  Chen Zhiwu’s book 非理性亢奋 [Irrational Exuberance] 2nd ed published December 2010  discusses Chinese finance and its problems. He concludes that the lack of an independent judiciary and rule of law are serious … Continue reading

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