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(Image from article: "China Admits To $470 Billion In Its Underground Banking System")

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China Admits To $470 Billion In Its Underground Banking System

China Admits To $470 Billion In Its Underground Banking System

Which means there's much more. In a closed-door government meeting, China Banking Regulatory Commission chairman Liu Mingkang announced that $470 billion was moving through so-called "black" banks in the country's Eastern provinces alone, according to Asia Times Online.

 

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