A news report about “Air Conditioner King Li Xinghao being restricted from high spending” has made the top trending list in China. This entrepreneur, who once claimed he would make the best air conditioners in the world, has fallen from being worth 250 million US dollars to being labeled a “dishonest debtor.” His companies are heavily in debt, and even selling off property and land cannot save him. People in China joked that the “air conditioner seller ended up selling himself onto the credit blacklist.”
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