CHINA-INTERNAL: ECONOMY/CORRUPTION
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Global Financial Integrity, a non-profit group that traces illicit flows of capital, said recently that US$1.06-trillion left China between 2002 and 2011 despite tough currency controls. This is equivalent to China’s GDP in 2002 and roughly US$10-billion a month. Another recently leaked report from the People's Bank of China estimated that 18,000 officials and employees of state-owned enterprises had pilfered US$123-billion and fled to the U.S., Canada, Australia and the Netherlands.
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