It probably is still a bit too cheap, and it would certainly be a mistake for Beijing toallow it tofall, not least because this would risk a protectionist backlash from abroad.
They reveal discussions about how the credit guarantee scheme - a government scheme created in 2008 to help get credit to small and medium-sized businesses - would "allow Libor tofall quicker" than it otherwise would.
Vittorio Tabacchi, the chairman, laughs at the idea of asking the company's suppliers to modify the machines they sell him: that would reveal his firm's secrets and allow them tofall into the hands of competitors.
