BEIJING, July 12: About 1,000 hopeful borrowers overran a branch of China’s central bank as a rumor spread that it was handing out zero-interest loans, media said yesterday, illustrating how Chinese financial know-how badly lags growth in banking products. Police were called in on Tuesday to disperse the crowd, which had gathered for days outside the central bank in Beihai in the southern province of Guangxi, the Global Times said. (agencies)
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