China, the largest cumulative exporter of illegal capital flight, as well as the largest victim in 2010, was the topic of an GFI October 2012 country-specific report “Illicit Financial Flows from China and the Role of Trade Misinvoicing”. The report found that the Chinese economy suffered $3.79 trillion in illicit financial outflows between 2000 and 2011.
The GFI reports continue to demonstrate that the Chinese economy is a ticking time bomb. The social, political, and economic order in that country is not sustainable in the long-run given such massive illicit outflows….Illicit Financial Flows From Developing Countries: 2001-2010