CHINT Group, founded in 1984, is one of China’s largest providers of electrical systems and electrical power generation and transmission technology, exporting products to over 100 countries and regions. Hard-hit by the lending crisis that affected a broad range of industries in Wenzhou last year, the company plans to adjust its strategy for raising capital, vice president and company Party secretary Lin Kefu said at a Sept. 12 press conference. Taking advantage of recent reforms for private lenders, Lin also said the company hopes to establish a small-loans business for rural residents.
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