New York’s banking regulator fined the Agricultural Bank of China US$215 million for a series of money-laundering violations and attempts to “mask” suspicious transactions. The bank is not contesting the fine.
As the Agricultural Bank of China of is owned by the Chinese state, this is as insulting to tChina as sailing a foreign warship sailing within 12 miles of a Chinese rock in the South China Sea.
And it isn’t even a US Federal agency that the bank is kow towing to. It’s a state agency that is giving China the bird and making it grovel.
What has RedBean and other China supremacists have to say?
Duterte the talk cock sing song Peenoy president should note that even China kow tows to a state agency.