Description
Global China’s Shadow Exchange investigates the complex networks of informal financial transactions that constitute China’s shadow economy. The work analyzes how underground banking systems, currency exchanges, and illicit financial flows operate beyond regulatory oversight, yet significantly impact both China’s domestic economy and its global economic relationships.
Tak-Wing Ngo explores the mechanisms through which wealth moves through informal channels, including remittances, trade-based money laundering, and unregulated financial intermediaries. The book demonstrates how these shadow systems are deeply embedded in China’s economic structure and have become integral to understanding contemporary Chinese capitalism and its international dimensions.
By examining case studies and institutional practices, this Element provides insights into how informal economies intersect with formal markets, state regulation, and global financial governance. It contributes to broader debates about financial inclusion, regulatory challenges, and the hidden mechanisms driving global economic integration.
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