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A comment on A Chinese American gangster transformed money laundering for drug cartels. Parent comment
It allows capital flight to occur without draining the official central bank reserves of dollars.
> But more importantly, all of that cash going to Canadian real estate and property owners is money taken out of the domestic Chinese economy.
If you read the article it talks about how the money is used to buy goods in China that are then sent to Mexico so it's not a total loss.
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It allows capital flight to occur without draining the official central bank reserves of dollars.
> But more importantly, all of that cash going to Canadian real estate and property owners is money taken out of the domestic Chinese economy.
If you read the article it talks about how the money is used to buy goods in China that are then sent to Mexico so it's not a total loss.