CHINA-INTERNAL: XINJIANG PCC TAKES EMERGENCY LOAN
|
In an unprecedented development the Sixth Division of the Xinjiang Production & Construction Corps [XPCC] borrowed RMB 500 million as a 270-day loan at a punitive 5.89% rate of interest to make a bond payment that defaulted on August 13. The XPCC has always been funded by an unknown source, probably either the UFWD or PLA.
|