In this video, we take a deep dive into the murky world of underground banking in China. While the country's official financial system has grown rapidly in recent years, a parallel system of unofficial lenders and money transfer agents has also emerged. Known as "black market banks," these underground networks are often used to move money around the country and evade government regulations.
We explore the risks and rewards of using these unofficial channels, as well as the impact they have on China's broader economy. We also examine the ways in which these networks are connected to other illicit activities, such as money laundering, tax evasion, and even organized crime.
