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An investigation of the China's Industrial Bank by the National Audit Office finds the bank lent...

An investigation of the China's Industrial Bank by the National Audit Office finds the bank lent money for land acquisition to firms not in the real estate business, and for trade finance to companies not in the business of trading. The books are a "mess." "Basically what would happen when banks were told to lend as much as possible," writes Also Sprach Analyst.
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