China’s Illicit Activities: Threats to Global Security, Economies, and Societies

Introduction

China’s involvement in transnational crime has significant implications for global security, economies, and societies. This analysis highlights various aspects of China’s illicit activities, including illicit trade, money laundering, counterfeiting, human trafficking, and cybercrime.

Illicit Trade

• Fueling the Global Illegal Economy: China plays a crucial role in fueling the global illegal economy through various means such as counterfeit goods, human trafficking, wildlife trafficking, and other forms of organized crime.
• Counterfeit Goods: The proliferation of counterfeit electronics, personal protective equipment (PPE), pharmaceuticals, and other goods can compromise public health and safety.

Money Laundering

• Major Money Laundering Hub: China is a major money laundering hub, with an estimated several trillion dollars in illicit proceeds generated annually from predicate offenses that touch China’s jurisdiction and markets.
• Impact on Financial Stability: The scale of money laundering in China poses significant risks to the integrity of the international financial system and market stability.

Human Trafficking

• Forced Labor: China’s involvement in human trafficking activities, including forced labor, within the context of its Belt and Road Initiative (BRI), raises concerns about exploitation and abuse.
• Global Consequences: The global implications of human trafficking, including forced labor, are significant and require a coordinated international response.

Cybercrime

• Exploitation of Virtual Currency: China’s exploitation of cybercrime, virtual currency, and online e-commerce for illicit activities, such as converting electronic funds into hard currency overseas, poses significant risks to global economic stability.
• Impact on Competitiveness: The exploitation of cybercrime, virtual currency, and online e-commerce can compromise the competitiveness of American and European industries.

Conclusion

The analysis provided in this report emphasizes the need for constructive engagement with China as a more responsible global leader and market citizen. It is crucial to address these illicit threats and promote a more stable and secure global economy. The evidence presented in the new GFI Report distinctly demonstrates that CCP Inc. is sabotaging legitimate commerce and siphoning away the economic prosperity of nations who play by the global trade system of rules, and by the rule of law.