So what are China’s new billionaires doing with their loot? Apparently hiding it in the Caribbean and other offshore money-safe paradises according to Zerohedge.com.
Zerohedge reports that up to $4 trillion in “untraced assets” may have left the People’s Republic since 2000.
The shelters were set up by Western firms including PricewaterhouseCoopers and involve at 15 of China’s richest including members of the People’s Congress and executives from state-owned companies. Names are named at the link above.
Chinese Elite Hiding $4 Trillion Offshore
