Thinking Macau

Happy serendipity. I have been trying to make sense of my superficial impressions of Macau and this morning, a former student pointed me to the article, Capital Flight of China’s Wealthy Gets Ready for Takeoff. Long story short — using credit card purchases to transfer Chinese savings into international accounts. If this loophole sounds suspiciously like the money laundering another friend attributed to Yongfengyuan, that’s probably because the same group of people are involved: China’s officials and/or those with business ties to the current administration.

What have I seen and overheard? Continue reading