Trading Companies and the Business of Illusion
(Beijing) – Last year, the owner of an export processing company who we will call Lin Minyao learned of an easy way to make money in Shenzhen, the port city next to Hong Kong.
Like his fellow traders, Lin said he could set up two shell companies, one in Hong Kong and the other in special areas set up to encourage trade in Shenzhen, to fake trades and profit from the two city's differing yuan exchange rates.
- The Fall of Language in the Age of English
- Ticket to Childhood
- Taking the Next Step in Power Industry Reform
- Protesting Times
- Knives Out
- Men Have Better Chance than Women to Get Job Interview, Study Finds
- Party Legend's Son Denies He Is De Facto Head of Insurance Firm
- Alibaba's Bickering with Gov't Saps Investor Confidence
- Tencent Tops List of China's Most Valuable Brands
- The Little Red Book Turns 50
- Sign up to receive our free daily newsletter
- Scandal-Hit GlaxoSmithKline 'to Lay Off 1,000 Employees in China'
- Gov't Had Reservations about Selling Stake in Citic Ltd. to Foreigners
- China Boots Up an Internet Banking Industry
- Caught in Rising China's Centrifuge
- Two-Thirds of Provinces Say They Missed GDP Growth Targets in 2014
- Downfall of Party Internet Policeman 'Helped Lead to National Cleanup Campaign'
- Embattled Founder Securities 'Cannot Reach Its Chairman'
- Lanzhou Shames CNPC Unit for Pollution Crises
- Provincial, Regional Gov'ts Prepare for a More Frugal Future
- Banks Trying Direct Route to Online Future