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Chinese oligarchs (Jack Ma?) might not want traceable money, but it's kind of obvious that's not up to them.

Does China even have Oligarchs?

The Russian Oligarchs are named because (see Red Notice) - they weren't entrepreneurs. During Privitization, they colluded to buy companies for literally 100ths of a penny on the dollar.

Chinese Oligarchs would be people that benefitted massively via corruption from privatizing state-owned companies.

> Does China even have Oligarchs?

Yes, a lot: https://www.scmp.com/week-asia/asia-buzz/article/2140667/its...

This is baseless. Owning a company and running it successfully for more than 2 decades show they are entrepreneurs. And why is everybody suddenly picking out on Oligarchs? When Putin dismantled one of them, the same West backed that Oligarch. Why is West suddenly labelling their wealth ill-gotten when they were well known quantities with massive assets across Europe for more than 2 decades and nobody raised eyebrow?

https://trends.google.com/trends/explore?date=all&q=Oligarc

Seems they've been popular since the early 2000s - as far back as Google trends goes.

Jack Ma is very much a entrepreneur for what he's achieved. Oligarch carries to much negative connotation and should be referred to someone or a family who controls a crucial industry because of sheer monopoly.

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