08-26-2006, 09:27 PM
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#1
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The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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Who Says We can't Export The American Way?
Who dares to say we can export the American way? I have proof we can.....and are right now, to China.
Excerpts from http://www.chinadaily.com.cn/china/2...ent_674895.htm
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Qin Yu, head of Baoshan District, is being investigated for alleged misuse of public funds, according to the Shanghai Municipal Discipline Inspection Commission.
Qin is the second senior city official under investigation after Zhu Junyi, director of the Shanghai Municipal Labour and Social Security Bureau, was reportedly found to have misappropriated 3.2 billion yuan (US$400 million) in public funds.
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Zhang was listed as China's 16th richest man by Forbes magazine in 2005, with an estimated fortune of 4.9 billion yuan (US$612 million).
On August 18, Chen Liangyu, secretary of the Shanghai municipal committee of the Communist Party of China, called on government officials to combat corruption and honestly perform their duties.
He also warned that government officials should be accountable and observe the code of conduct.
Shanghai reported 1,499 commercial bribery cases involving more than 200 million yuan (US$25 million) from January 2001 to April 2006. Seventy-four cases involved government officials, according to local media.
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And these excepts from http://www.chinadaily.com.cn/china/2...ent_673816.htm
Quote:
The authorities last year cracked down on more than 50 money-laundering cases involving more than 10 billion yuan (US$1.25 billion), the central bank said yesterday in a report.
The release coincides with the second reading of the draft anti-money laundering law by the Standing Committee of the National People's Congress.
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The number of cases busted last year was the same as in 2004, but the amount involved was much higher two-and-a-half times the 4 billion yuan (US$500 million) then.
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The People's Bank of China (PBOC) also transferred 2,790 suspected cases involving 32.78 billion yuan (US$4.1 billion) to the police last year; as did the State Administration of Foreign Exchange, which referred 405 cases involving US$1.24 billion.
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Financial regulators joined hands with police to crack down on 47 illegal money changers and lenders last year and arrested 165 suspects, with money involved amounting up to 10 billion yuan (US$1.25 billion).
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Last year, the centre received 283,400 reports on suspicious renminbi funds and around 2 million suspicious foreign exchange transactions
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There you have it, proof positive, the Chinese are getting into the swing of things, post haste.
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The descent of man ~ Nixon, Friedman, Reagan, Trump.
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