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Re:China Busts a $3B Underground Bank by adamiscool8 on Friday November 24, 2017 @03:44AM (#15770137)
Does this mean China's recent declaration that "Foreign Firms Won't Be Forced to Turn Over Technology" [1] is not to be believed?

[1] https://www.bloomberg.com/news/articles/2017-11-10/china-say...

Re:China Busts a $3B Underground Bank by will4274 on Friday November 24, 2017 @03:51AM (#15770153)
As the saying goes "thou doth protest too much, methinks." China will SAY anything - you might recall China promising to float its currency in the Bush years when this was a sticking point in trade - a float that happened in name only and so the request to actually float currency remains in US trade negotiations with China.
Re:China Busts a $3B Underground Bank by icelancer on Friday November 24, 2017 @03:58AM (#15770177)
>>so the request to actually float currency remains in US trade negotiations with China.

While they do their best to ban BTC and other cryptocurrency that will allow for the free exchange of their currency for others.

Re:China Busts a $3B Underground Bank by bandrami on Friday November 24, 2017 @05:17AM (#15770388)
Control of monetary supply, a fixed exchange rate, free flow of capital: please choose any two.
Re:China Busts a $3B Underground Bank by mseebach on Friday November 24, 2017 @04:43AM (#15770311)
It may well be that foreign companies are merely encouraged to participate in mutually beneficial exchanges of know-how.

I have no information either way on the subject, but generally, no, it not exactly a novelty that a government announces a grand intention, and mostly even sticks to the letter, but drifts significantly from the spirit when applying the intentions under the constraints of everyday political life. Not because of any specific malice, but because governments are huge beasts the sit on top of a huge intricate web of opaque incentives.

Re:China Busts a $3B Underground Bank by Chris2048 on Friday November 24, 2017 @05:10AM (#15770376)
Considering it recently told Britain its HK agreement was not to be honored.. I don't know why China is trusted at all..