Ten million owners are in debt at a high level: 14 million dollars on a green train for 11 years.

The Yangtze daily newspaper reports that Cheng Qian, aged 45 years, who was once the largest owner of millions of dollars, was “limited” (restricted high consumption) because of the debt collapse, and that his wife was overburdened with leaving, but he did not choose to lie down. Without a high-flag plane, he went to the slowest green-skin train to run a business, and for 11 years he paid off $14 million of debt with a tenuous treager.

"Back the way you fall, you climb!" If you lose, you admit it, you change it, you pay back the money you owe. "The Quest is a sign.

On mid-autumn 25 September, at around 7 p.m., Cheng Qian was carrying his backpack alone and taking a green train for seven hours to discuss business. Reporter Chen Yong-soo

Men's position is “high”

Take the green train for 11 years. Run for business.

On 25 September, mid-autumn festival, at around 7 p.m., Cheng Qian was carrying his backpack alone and travelling to Ten-year-olds on a green train at Wuchang station.

Wuhan has 53 trains per day from the Ten-year Period, 47 of which are high-steel and mobile, with a maximum speed of 350 km per hour and a maximum speed of 1 hour and 57 minutes. He was only able to take the K146 fast passenger train, which had a maximum speed of 120 kilometres per hour, because of the “high limit”.

He's been on this green train for 11 years.

Cheng told fellow journalists that most of the people dressed like this on the green train were “high-limit” debt-paying owners. The plane is unable to board, the heavy iron is not available, the car is restricted, and everyone is allowed to run on a green train. Get off the car, everybody go to the car.

“Who are in debt and willing to run their business, are in the hope of paying off their debts from scratch. The ideal is full, the reality is so strong. It is easy to talk about debt, constraints and the fact that resources and energy are not keeping up with the ever-changing market. "The Japanese are a bit emotional.

Debts exceeded $20 million 11 years ago

6 million dollars still owed today

As the head of the once-sung car spare parts plant, Cheng Qian can hardly groan about the past.

He and his father took over the operation of a factory in 1992, with the main hit product once being a fist in the domestic market.

In 2009, factories were supported by policy as good private enterprises. Cheng Zheng seized the opportunity to expand production by lending $6 million, and sales exceeded $20 million annually, pushing products into South-East Asian and South American markets.

After a few years, the plant stands are becoming more and more extensive, and the money is not going to be available and it is only by borrowing. In 2015, the financial chain broke and the debt exceeded $20 million, with 117 creditors bringing the case to court.

In one night, Cheng Qian changed from being a good entrepreneur to a debt-paying owner. The wife can't take it, leave him. He was unable to accept the reality at once, went out to hide, lost his way, and was left with a light mind, and was rescued and bitten to decide where to fall and to rise and pay off his debts.

Later, Cheng Chong Cong production side paid off its debt as contracted. In order to expedite the repayment process, debts under the name of the Member State are treated in a separate category: employees are in arrears and are cleared as a matter of priority; Individual borrowing, proactive communication and negotiation of interest-rate reductions; Bank loans, application for extension, relief under the policy of preferential enterprise

Cheng Quan had made a settlement with over 90 per cent of its creditors as of September this year, the related actions were being dropped and the creditors were being reduced from the original number of 100 to the current number of

1. “I still owe more than $6 million, of which $4 million corresponds to three housing mortgages, to try to pay off all my debts in a few more years and return to normal human life. The blogger adds:

(Medium Quest)

Source: Yangtze Daily, Guangzhou Daily

Editor: Chan Jia-hwa

Audit: Lim Hongtao

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