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The (Chinese) government did not really allow defaults to happen until about four years ago, as defaults spread, the bad apples get picked out. These companies will lose access to financing, and that's a good thing.

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    Who said: "Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma – which is living with the results of other people's thinking."?
    A Mark Zuckerberg
    B James Cameron
    C Steve Jobs
    D Nelson Mandela