Chinese smartphone and technology manufacturing giant Xiaomi is accused of allegedly making a $5 billion transfer "in the guise of royalty" payments in India. Xiaomi has denied any involvement after its CEO, Lei Jun, was named in a viral rumor linking him to the case.
What does this unexpected report about the Xiaomi CEO's alleged money transfer reveal about China's financial anxieties and political messaging? Joining us to discuss the issue is retired Marine Col. Grant Newsham, a senior fellow at the Center for Security Policy and the author of "When China Attacks."