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Life insurers complained that they often weren’t paid off even when the conditions of a financial institution failure implied that they need to have been. The federal government stated Friday it will would offer an extra 1 trillion yuan ($142 billion) to local banks to lend at preferential charges to small- and medium-sized companies.
Over the past decade, the bank has frequently failed to enforce its rules, with devastating consequences for a few of the poorest and most weak individuals on the planet, an investigation by the Worldwide Consortium of Investigative Journalists, The Huffington Submit and other media companions has found.
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