Microsoft Word – Allen-Qian-Xie-Understanding informal …

a state bank or rural credit cooperative because the credit officers are dirty and rip me off given my family background. If I applied for a 100,000 RMB (US$12,000) loan, I would only receive 60,000 RMB (US$7,200) because the credit officer would pocket the other 40,000 RMB (US$4,800).

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