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Analysis: China's obsession with financial secrecy is causing problems overseas [CNN]

FAST RETAILING UNSP/ADR (FRCOY) 
NASDAQ:AMEX Investor Relations: fastretailing.com/eng/ir
Company Research Source: CNN
's obsession with financial secrecy is causing problems overseas ... even when it's giving $55M awayByJenni MarshNectar GanUpdated 12:45 AM ET, Fri May 21, 2021Tokeh Beach, close to the land earmarked for development, outside the Sierra Leone capital Freetown.Hong Kong (CNN)This week, itemerged$55 millionThe deal only came to light after residents were told by officials in the Whale Bay area, where the harbor is planned, that there was a hold on any land exchanges because of a Chinese deal, says Jane Aspden Gbandewa, who runs an an eco-tourism business in the area.The rumor mill got busy. The Chinese were allegedly funding the sort of fish meal factory that hasproliferatedBeijing and Freetown were forced to deny the rumors but acknowledged a deal had been made -- even if no details were forthcoming.Read On Tuesday, Sierra Leone President Julius Maada Biosaid the projectNevertheless, such moves don't align well with President Xi Jinping's calls to build an "ecological civilizationIn a Show less Read more
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