News

How China is taking trillions of U.S. dollars in illicit proceeds every year

Published

2 years ago

August 31, 2023

ticker NEWS

Tens of millions of Americans have become financial backers of the Chinese Communist Party (CCP) without even knowing it.

China’s current financial woes and spiraling downward economy have many officials sounding the alarm over concerns that China’s Communist Party (CCP) will further its illicit trade, nationalism, and military aggression.

David Luna, the Executive Director of the International Coalition Against Illicit Economies, joins Veronica Dudo to discuss.

Luna says that several trillions of U.S. dollars in illicit proceeds every year are generated from predicate offenses or specified unlawful activities for money laundering that touch China’s jurisdiction and markets, and are often used to finance China’s authoritarian regime.

Additionally, Luna explains that the CCP has leveraged corruption, illicit markets, and predatory trade and lending practices to become a dominant illicit player across global markets, supply chains, and digital marketplaces.

He adds that such CCP criminalized activities are helping China to also finance its economy and military and thereby bolster public support for the ruling CCP regime. #CCP #China #economy #illegaltrade #US #authoritarianregime #blackmarket #finance #Chinaeconomy

Related Topics:authoritarianregime blackmarket ccp china Chinaeconomy Economy Finance illegaltrade us

Up Next

Is the U.S. Central Bank done with rate hikes?

Don't Miss

Australian PM Anthony Albanese sets date for Indigenous Voice referendum

ticker NEWS

News

US–China trade talks are a handshake, not a deal

Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.

Published

15 minutes ago

October 31, 2025

ticker NEWS

Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.

Presidents Trump and Xi extend their tariff truce in an informal meeting, with US cuts and Chinese promises on soybeans, fentanyl, and rare earths.

Steve Gopalan from SkandaFX cautions this is unofficial and deeper issues between the two super powers remain.

#USChina #TradeTruce #Tariffs #GlobalMarkets #Soybeans #RareEarths #UnofficialDeal #TickerNews

News

Markets cautious as rate cut hopes fade

Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.

Published

19 minutes ago

October 31, 2025

ticker NEWS

Central banks ease rate cut hopes amid inflation and wobbling tech stocks; markets adjust to Fed’s new stance.

Central banks pull back on rate cut expectations as tech stocks wobble and inflation pressures persist. Markets adjust cautiously to the Fed’s new tone.

#Markets #Fed #InterestRates #Inflation #TechStocks #CapitalMarkets #TickerNews #Economy #FinancialUpdate