Private lending may not sound like a legitimate business, but the information channels these people have are truly impressive.
Just three days after the equipment from those two factories was sold, President Li helped Liu Menglong find another opportunity. A small private factory, using third-hand equipment, was planning to eliminate it.
Third-hand equipment... there really is such a concept. A state-owned factory once used it, then passed it on to a private company, which over ten years used it to create considerable wealth and then handed it down to the current owner.
Surprisingly, the equipment can still be used normally, proving that production equipment, like cars, is better maintained when privately owned than when public.
