To restrict the outflow of funds, China has placed strict controls on outward remittances and money transfers, a necessary means to maintain stability. Given these circumstances, there is certain to be an increasing and never-ending supply of illegal underground money transfer and remittance services such as those allegedly provided by Wu and his wife. Extrapolating from the Chiayi case, the inflow of overseas funds through similar underground channels across the nation probably amounts to hundreds of billions of NT dollars. These cases of underground money transfer and foreign exchange services suggest that a tremendous amount of overseas funds are flowing back to Taiwan for investment. Taiwan benefits from the tangible impact of global order transfers, returning businesses and rising domestic consumption, which helps boost the nation’s economy.

Source: Taipei Times December 14, 2019 15:56 UTC