As the economy continues to implode, capital flight rises.
One of the world’s largest mobile phone chip makers, U.S.-based Qualcomm Inc., has been issued a fine of 6.088 billion yuan ($973 million) by the Chinese Communist Party (CCP), the highest fine ever issued to a company in China.
China’s political and economic environment has caused foreign investors to lose confidence, observers say.
As the economy continues to implode, capital flight rises.
One of the world’s largest mobile phone chip makers, U.S.-based Qualcomm Inc., has been issued a fine of 6.088 billion yuan ($973 million) by the Chinese Communist Party (CCP), the highest fine ever issued to a company in China.
China’s political and economic environment has caused foreign investors to lose confidence, observers say.