Pawnshops cash in during long Spring Festival
By Chen Jia | China Daily | Updated: 2011-02-11 07:46
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Pedestrians walking past a pawnshop in Nanjing, Jiangsu province. By the end of 2010, the total registered capital of the Chinese pawn industry grew by 5.1 times over 2005. Dong Jinlin / For China Daily |
BEIJING - The Chinese gift-giving custom during the Spring Festival boosted the business of pawnshops, with an increasing number of customers pledging high-grade gifts such as gold jewelry and Apple Inc's iPad for cash.
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