Word: jenminpiao
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Dates: during 1949-1949
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...City. Despite Ta Rung Pao's complaint, Shanghai was well on the way to becoming an economic graveyard. Industrial production was down an estimated 50%, and still falling. "The Chin Chong Iron Works," read an item in the press, "is trying to sell electric fans for 30,000 jenminpiao each (about $12 U.S.), which is only sufficient to cover labor costs, but there are no buyers...
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