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China Companies Use Computers To Barter Away Stocks

BSCAL

Firms at a national commodity trade fair that opened on Monday bartered goods through a computer network connecting major cities, trading goods to firms in areas where demand for such products is high.

Distribution of goods is a major problem in China, where poor communication links often hinder the shipment of products and materials. Thousands of loss-making state-owned firms have huge stockpiles of goods they cannot sell.

 

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First Published: Aug 23 1996 | 12:00 AM IST

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