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As far as China bulls go, the country’s own middle class are the most feverish of all. But there is one investment they are already making they may not even know they signed up for – China’s bloated and mismanaged state-owned enterprises.
A booming economy and state-backed investment combined with the citizenry’s faith in central government’s financial backing power and a naïve obsession with the newish world of personal investment have produced remarkable growth in the financial sector.
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