Shanxi Highsee's creditors have also found that the company is further in debt, owing nearly 25 billion yuan, than it had said earlier, the source said. In November 2014, Li told Xinhua that the firm was 10.5 billion yuan in the red.
The company only has 7 billion yuan in assets, not the 10 billion yuan that Li claimed, the person close to the meetings with Shanxi Highsee said.
Personal Income increased 0.3% in February; Spending increased 0.8%
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From the BEA: Personal Income and Outlays for February:
*Personal income increased $66.5 billion (0.3 percent at a monthly rate) in
February*, according t...
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