Money Exchange Gangs in China Targeted as Regime Aims to Curb Capital Flight

Money Exchange Gangs in China Targeted as Regime Aims to Curb Capital Flight
A pedestrian walks past a billboard showing Chinese yuan (top C), Hong Kong dollar (R) and U.S. dollar currency signs displayed in front of a building in Hong Kong on March 21, 2009. Ted Aljibe/AFP via Getty Images
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News Analysis

China’s Ministry of Public Security is cracking down on illegal money operations with economic experts believing the move is largely intended to stem the flow of capital out of the country.