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Word: panzhihua (lookup in dictionary) (lookup stats)
Dates: during 2000-2009
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Usage:

...completely command controlled, the central government has surprisingly few ways to compel regional lenders to obey orders. In Chengdu, for example, capital of Sichuan province 1,500 kilometers from Beijing, a branch of the China Construction Bank recently approved loans to upgrade a steel mill in the town of Panzhihua. Jiang Wen, chief of the bank's business-development department, says the mill already has local-government approval, so the bank is pushing ahead despite Beijing's jawboning. "We have had no change in lending," Wen says...

Author: /time Magazine | Title: Time to Cool Down | 5/17/2004 | See Source »

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