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Electronic banking has made financial transactions more transparent allowing banking authorities and the government to better identify the movement of money. Electronic transactions are helping the government collect an extra 500 billion yuan in taxes. E-commerce is also putting a curb on corruption and helping crack down on money laundering.
Originally posted by thenewf102
im not sure about china i think communism in theory is a very good idea actually more like perfect its just that people are corrupt
Originally posted by The Middle Kingdom
Excuse me, the USA is just as corrupt and has the same kind of wealth gap as China, does that mean your a dictatorship? So what if it doesn't give the "extent" of how far it will curb it, only 20-40% of the population uses e-banking and already we're getting an extra 500 billion$, have you even read the article or applied common sense?
Actually, I'm expecting biometrics to be the "mark" -- in the form of retina and fingerprint scans. And cash will be outlawed to "fight crime", just as the articles imply. Coming to a country near you -- including yours.
Originally posted by suihx
i, along with most ordinary chinses people, have already grown numb on those, i just wonder why you, (i guess u r also a chinese), still are in the hope that the officials are willing to discipline themselves and to crack down corruption "for the people's interest".
Communism doesn't even work in theory. Even on paper, communism is sheer thuggery. I'm glad to hear that at least one person in Chna can get the truth out about what the conditions are truly like there.
Originally posted by The Middle Kingdom
Excuse me!? I live in Beijing! I attend the Beijing Military Academy of Science! How dare you say otherwise! I am deeply insulted by this accusation, English is not my first language and I often talk with Canadians over MSN.
Originally posted by wecomeinpeace
Corruption will end in China when the CCP ends in China, and not before.
Originally posted by The Middle Kingdom
Excuse me!? I live in Beijing! I attend the Beijing Military Academy of Science! How dare you say otherwise! I am deeply insulted by this accusation, English is not my first language and I often talk with Canadians over MSN.