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China flagLiu Jun
A News About Chinese Bank There is a news about Chinese bank. At 1988, some Chinese banks rolled out high rates and long term fixed deposits. Then, The People's Bank of China (whose position like FED in America) forbade the irregular deposits. But, a bank still rolled out an irregular deposite. Some people bought the deposite which rates more than 20%. At certificate of deposit, it was wrote that store 2,000 yuan in bank, get 220,000 yuan after 24 years ago. Now the deposit is mature. The Bank tells the depositors they can't get 220,000 yuan due to the deposit is breaking the regulation which was published by The People's Bank of China. The bank hope to pay the depositors 8,400 yuan arrording to the highest rate published by The People's Bank of China.

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Sorry, it is "get 220,000 yuan after 24 years."

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