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Business

Silicon Valley's unflattering term for Chinese money

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Japanese soccer star Keisuke Honda has played for AC Milan for two years. China's Alibaba Group Holding and Baidu are rumored to be interested in buying the club.   © Reuters

HONG KONG -- There are two kinds of cash rushing out of China right now: money actively looking for outside investment opportunities and funds that are simply fleeing.

Both kinds are flooding into Silicon Valley and elsewhere in the U.S. This not only reveals the changing economic balance of power, it also betrays China's precarious economy.

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