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AsiaOne

China detains Wenzhou exec in city's debt crisis -paper Reuters | SHANGHAI Feb 6 (Reuters) - Police in China's eastern province of Zhejiang have detained a Wenzhou educational company boss for allegedly failing to repay large debts, the official Shanghai Securities News reported on Monday, the latest fallout from a ... China detains another exec for illicit fund raisingAsiaOne Executives detained in financing probeChina Daily School disaster for Wenzhou debtorHong Kong Standard all 29 news articles »

Wenzhou calls for capital to come home China Daily According to Chen, more than 600 billion yuan ($95.2 billion) is lying idle in the hands of Wenzhou entrepreneurs. Wenzhou Guotou Investment Co plans to invest 300 million yuan to establish a microfinance company in the city. and more »

China Daily

Help offered to businesses China Daily "The only way to solve the problem is by replacing the underground running of private capital with reasonable authorized loans for every company in need," said Zhou Dewen, chairman of the Wenzhou Small and Medium-sized Enterprises Development ... and more »

Wenzhou's Broken Chain of Trust Economic Observer By Ye Jingyu (叶静宇) Wenzhou, the city synonymous with Chinese entrepreneurship, has been rocked by a breakdown of trust that has cut off factory owners from the friends and relatives who financed their businesses. The first two days of 2012 didn't go ...

Modesto Bee

WorkWise: Expanding abroad means seizing opportunities Modesto Bee Gastineau continued to see affluence in three other cities – Xiamen, Wenzhou and Shanghai – as she kept meeting people who wanted to abandon their apartments and could pay to do it. She was stunned at the number of people who could afford the $100000 ...

Home appliance sales cool off China Daily According to the statistics provided by Wenzhou Home Appliance Association, the sales of home appliances in the city for the first two weeks of 2012 declined at least 30 percent compared with the same period last year. "The home appliance program ... and more »

China Daily

Down at heel, not down in the dumps China Daily By Yu Ran (China Daily) SHANGHAI - In 1991, Wang Jianping, a 50-year-old shoemaker based in Wenzhou in East China's Zhejiang province, set up his own workshop with a few workers, mostly relatives and friends, using basic tools to produce 300 pairs of ... and more »

China: A Death Sentence to Hide Government Corruption? Care2.com (blog) More than 62.3% of family businesses obtain their capital from the market. If Wu must be killed, the runaway bosses in Wenzhou must be killed too. Those gamblers who borrow money from loan sharks, those bosses who show off their wealth with corporate ...

Zhejiang moving to ease financial pressures for firms China Daily Many business owners in Zhejiang, particularly the entrepreneurial city of Wenzhou, fled and several even committed suicide over debt problems as banks cut lending late last year. Xia said that bank branches in the province had applied to their head ...

Retail, service industries new domain for businesspeople China Daily Zhang, an entrepreneur from Wenzhou, China's private-capital powerhouse in eastern Zhejiang province, runs 10 boutiques in Dubai selling healthcare equipment including the massage chairs. He is the first in the city to retail such products.

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Wenzhou's Case of the Disappearing Bosses -- Beijing Review
Business in Wenzhou. Located in Zhejiang Province of southeast China, Wenzhou has the most developed private economy in China. After China adopted the policy of reform and ...

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"If it were not for the poor air conditioning, this hotel would be given the big ..." · "I have stayed at this hotel a number of times. It has decent ...

Canton Fair Online
Actually, we began our belts and other leather products business in Wenzhou and some other coastal cities in 1998. After several years' exploration and effort ,by ...

Credit Crunch Hits Hard In Wenzhou, China's 'Speculation Capital ...
The costs of financing a business in Wenzhou have risen by up to 50% since 2010, according to the local Small Business Association. That has pushed some into bankruptcy.