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Bank lending, which tends to expand at a relatively steady pace, has gathered speed in recent months. Growth in outstanding bank loans saw 13.2-percent growth on a yearly basis in May, largely due to loans to corporations, especially medium-and long-term loans, said Louis Kuijs, head of Asia Economics at Oxford Economics.

Baihe County lies in the deep mountains of Shaanxi Province, where there are rocky roads and areas of infertile soil. "To send a student from here to college is to help his or her family out of poverty," said Zeng Yougen, one of Xie's students. Zeng is also a graduate from a top three Chinese university and now the manager of a large company in the city of Hangzhou, capital of eastern China's Zhejiang Province.

Banking bigwigs in the 2019 list of "tigers" — a reference to senior officials — include Zhao Jingwen, former executive director of CITIC Group, and Hu Huaibang, ex-chairman of the China Development Bank. Both worked at the ministerial level.

Barbara Sharpe, principal of PenTab Academy in Miami Gardens, said Peter Wang attended her school from pre-kindergarten to second grade about 10 years ago.

Backed by Amazon.com, LivingSocial operates a branch office in Seattle, which we’ve heard was impacted in the latest cutbacks. (We also heard that laid off staffers are getting generous severance packages that includes six weeks of pay if they continue to work for the company for 60 days). We’ve reached out to LivingSocial to get more details, though All Things D’s Tricia Duryee notes that the company’s offices in Seattle and San Francisco will remain open.