The case brought the total for underground banking and money-laundering activities to 800 billion yuan since April, the newspaper said.One thing to keep in mind: the outflows represent real demand for foreign currency, assets and/or investments. Closing underground banks does nothing to deal with this demand.
Real GDP for the Fourth Quarter Revised Up, GDI Jumps
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The BEA revised fourth-quarter GDP from +3.2 Percent to +3.4 percent. Real
GDI was a whopping +4.8 percent but discrepancies remain and charts tell a
bette...
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