Word: songquan
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...prices for raw materials have gotten so high that no one is making a profit," says Mrs. Xu, who runs a small raw-materials factory with her husband. Xu, who declined to give her full name, says many of the factories she supplies have gone bankrupt this summer. Xu Songquan (no relation), who has been in the plastic-molding business since 1977, explains that factory owners who negotiated contracts with foreign companies earlier in the year when the price of oil was lower "settled on an export price, and now they can't make money so they're just going...
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