Chinese authorities are cracking down on contra payments, an illegal way of moving money offshore without crossing a border. Photo: AP

China takes aim at new target in black market banking on fears of capital flight

  • Top court and prosecutors say they are cracking down on contra payments and the threat they pose to society
Topic |   China Society

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Chinese authorities are cracking down on contra payments, an illegal way of moving money offshore without crossing a border. Photo: AP
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