Word: jiangquan
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Guangdong, burdened with fewer state-run plants than other regions to begin with, has proved especially congenial to the entrepreneurial spirit. In Beijiao, about 15 miles south of Guangzhou, Ou Jiangquan, 49, general manager of the Yu Hua Industrial Co., has seen his firm expand from a bottle-cap producer to a manufacturer of electric fans and microwave ovens for export. "It's not easy for state-run enterprises to compete against us," says Ou. "They have to carry out reforms, or they will have...
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