Macau, Beijing police arrest 37 in crackdown on illicit banking

Police in Macau and mainland China detained 39 suspects in an underground lending case involving more than 30 billion yuan ($4.42 billion), as China steps up measures to reduce economic risks and clamp down on illicit capital outflows.


from Reuters: World News https://reut.rs/2MoFUx7

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The court’s decision has heavy symbolic meaning, even if it may have little practical impact.

By Patrick Kingsley from NYT World https://ift.tt/8hc1Wxb