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Hard-up firms in China use cashmere and pork to repay loans

LI XINTONG DID not want one overpriced cashmere sweater, let alone a hundred. But when his loan to Jicai came due, the investment firm offered to repay him not in cash, but in sweaters. The value of 100 cashmere pullovers, it said, equalled his 150,000 yuan ($22,000) loan, and was thus fair compensation. Mr Li (not his real name) disagrees.
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