March 05, 2007

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Dirty money

China's parliament is meeting in Beijing. It is a largely toothless institution and all the major decisions have already been made. So to make an impact the politicians that attend have to stake out fringe issues and make them seem important in order for people to notice them. As a prime example, take Hong Kong's DAB delegation, who's issue is an effort to make China's banknotes cleaner. While the senior Beijing leadership grapple with North Korea, social instability, a widening income gap, the environment and more, the DAB delegates have firmly marked the hygeine standards of the nation's currency as their banner issue.

Wouldn't it be better to suggest the current notes be properly cleaned? I've even got the term for it: money laundering.

posted by Simon on 03.05.07 at 10:19 AM in the China economy category.


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