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Home>Chinese Medicine' Fails to Cure Credit Crunch

Chinese Medicine' Fails to Cure Credit Crunch

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Wed, 25 Nov 2015

By Shen Hong WENZHOU, China--At the peak of a dramatic local credit crunch in October 2011, China's then Premier Wen Jiabao paid an emergency visit to the eastern coastal city of Wenzhou, known as the country's capital of capitalism. To combat a collapse of its underground banking system, which had
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