A Chinese American gangster transformed money laundering for drug cartels

Re:A Chinese American gangster transformed money laundering ... by Scoundreller on Friday October 14, 2022 @06:58PM (#33209784)

For drugs yes, but China is a machine that takes raw materials and manufactures them into finished goods. Just look for the "Made in ______" label on so many goods.

Sure there's lots of margins on the marketing side that's captured and retained wealthy countries, but China is capturing some percentage of so many finished products.

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Re:A Chinese American gangster transformed money laundering ... by chrischen on Saturday October 15, 2022 @12:53AM (#33211866)

But that’s not capital outflow. That’s exporting useless cheap goods for an inflow of capital (USD).

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Re:A Chinese American gangster transformed money laundering ... by SgtBastard on Saturday October 15, 2022 @06:39PM (#33219313)

All of those exported goods are expected to be sold at a markup in other countries, in that countries currency.

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Re:A Chinese American gangster transformed money laundering ... by chrischen on Sunday October 16, 2022 @10:43AM (#33223951)

Exactly, so China exports goods valued at less than markup, and pockets the markup, resulting in a net cash inflow. This is what is referred to by the “trade deficit” between the US and China. The deficit refers to the fact that China is exporting less valuable things and pocketing the money, and not buying back as many US goods, resulting in a deficit that net moves capital to China.

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