Over the past decade, Wanxiang has been very active buying depressed American auto parts suppliers.

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The second option, championed by a handful of economists, would also create a mostly private market with a limited government backstop that would primarily become active buying or guaranteeing loans in periods when private lenders retreated during financial shocks.

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Meanwhile, with investors searching for yield, the number of active accounts buying loans also reached a five-year high of 268.

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