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The name of the company has been disguised and the accounting figures have been modified by a factor to maintain confidentiality.

David Huang, the CEO and John Xiang, the CFO of the privately-held manufacturing firm Guangdong Kangtai Metallurgy Company, were back at work after a joyous celebration of the start of the Year of the Rabbit. The last few years had been challenging for the entrepreneur community in China. The dark clouds of the worldwide Great Recession were finally being lifted and the financial markets were thawing. While a number of smaller players in the metallurgy industry had perished worldwide,...

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