VIP Class Notes (Phil)
Today we focused on:
today talked about business and investment
Vocabulary
Highly regulated – a lot control
in China the financial system is highly regulated
capital control – controlling the outflow of money from a country
In china the capital control laws are very strict
to deregulate, deregulated – very little control
the government deregulated the financial industry
loop hole – a way around the law
money laundering – an illegal way of making money legal
shell company – a set company
bureaucratic – a lot of layers or levels to do something
In china it can very bureaucratic to open a business.
Homework
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