The Traderszone Network

Published in TZ Latest News 21 November, 2015 by The TZ Newswire Staff

In China, Money Is Power… Literally

While recent market turmoil in China has meant the government has been burning through its cash reserves at a record pace, for the electric utility plant in Yancheng; money is quite literally power as 3 billion yuan of outdated or damaged bank-notes are incinerated to generate electricity for Jiangsu province each and every year...

 

Out with the old, in with the new: 3 billion yuan in outdated notes burned to provide electricity

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