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>>and the investments are limited to some shady financial products and...real estate. This is in Beijing , or Hebei, Henan and the 3 northern provinces. At the Pearl River Delta and the Shanghai-Zhejiang-Jiangsu triangle the investment is in production.

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People from Wenzhou basically invented highly leveraged real estate speculation.

Also, as a normal person without guanxi, you can't really get access to the sure bet industrial investments, and participating in shadow lending is very risky.

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