So as everyone keeps talking about the stupid clickbaity bullshit articles about Trump and race and whatever you want I decided to put some content I am interested on here.
Recently ICBC a Chinese state run bank was just placed under investigation with a number of it's Madrid managers arrested and some fleeing the country. This is bad news for the Chinese state as the bank was caught not only allowing but assisting Chinese businesses in Laundering their illegal earning back to China.
This is of particular concern as it now give the European Commission the allowance to revoke the banks license. A situation the Chinese government does not want to occur as it is one of the States and the world's biggest bank.
Although alot of other Banks have been caught in similar problems with the famous HSBC probe which showed they were involved in Laundering money for many illicit organization including the Mexican cartels, banking licenses have not been revoked.
Now although this is about banking, this has suddenly opened up a new issue in China's rise to dominance, the resistance of the local populace to foreign entities. Although greeted friendly initially after alot of bad will the US generated in the early part of the century and looked at as an alternative. The new premier and his aggressive stance has led to friction which were once not known to start appearing. These issues tied to the wealthy members of the party and the population and their spending in foreign countries has created hostility between local populace and the new chinese millionaire leading to bad public image for the nation and therefore it's government.
So with these in mind how does one assume China to better respond to these issues. Their economic clout once a welcoming sight is now becoming a threat to them.
Anyway I don't know what topics to discuss in this, there are many ways it can go, the rise of the Chinese rich who are causing friction around the world and causing tensions for the local populace against them. Or China's new challenge of cleaning up their economy and liberalizing trade and need to better cooperate with their trade partners laws.
Update and more details on the probe. Have not read it through fully but some interesting notes, from mafia connection and threatening employees for not paying.