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China is waking up to their failed economic policy with the China Banking and Insurance Regulatory Commission (CBIRC) and Ministry of Finance issuing a notice asking local banking and insurance institutions not to increase their &ldquo;hidden debts&rdquo; in the local governments. The move has jolted the local government investment companies as banks play a key role in providing loans as a main source of indirect financing.</p>
The US Department of Homeland Security (DHS), on behalf of the Forced Labor Enforcement Task…
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