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

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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

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The EV transformation expands to legacy vehicles

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

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