Money Laundering in China: Where Do Illicit Flows Come From and Where Do They Go?

By Sun Shen Like many other major economies, China has been operating in a global context and has seen a dramatic increase in inflow and outflow of funds in recent years. However, as it becomes more and more integrated into the global economy, the country is exposed to multinational money-laundering schemes. Despite recent measures by the Xi Jinping administration to …