Finding a business model to smooth over rocky financing
By Hu Yongqi in Kunming | China Daily | Updated: 2013-09-30 07:05
Gem sellers need better financial aid to cope with return of the tough times
An entrepreneur in Yunnan province is trying to set up a new business model for the "typically unpredictable industry".
Yunnan Menggong Jade Co Ltd is looking for support from banks to set up a new system to evaluate raw stones and manufactured jade goods, and to provide loans to businesspeople in urgent need of cash.
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