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Posted inCurrent, The Forecaster

China’s credit crunch could squeeze entrepreneurs, weaken recovery

BEIJING – Like a boxer slimming down for a fight, Li Zhongjian is shrinking his 20-year-old business manufacturing cigarette lighters to brace for a credit crunch he sees looming over China’s entrepreneurs. Li’s workforce in the southeastern city of Wenzhou has shrunk by half to 300 this year and he isn’t replacing employees who leave. […]