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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 Businessman in Debt to 1000 Private Lenders DetainedCRIENGLISH.com all 29 news articles »

Wenzhou calls for capital to come home China Daily By Yan Yiqi and Zhang Jianming (China Daily) WENZHOU, Zhejiang - This city, a pioneer in the nation's private-sector economy, is about to embark on another experiment: a banking platform meant to ease the financial woes of thousands of companies that ... and more »

Scheme offers cheaper homes China Daily By Zheng Jinran (China Daily) BEIJING - A businessman from Wenzhou, a city in Zhejiang province famous for its booming private enterprise, has come up with a scheme whereby families can build a home in Beijing for almost half the cost of buying from ... and more »

In China, railing against the rail system Philadelphia Inquirer In addition to a balky website, many Chinese simply do not have Internet access. BEIJING - Twenty hours on a train. Standing room only. No access to a bathroom. The Chinese have no shortage of indignities to complain about when it comes to traveling ... and more »

Entrepreneurs in east China return to real economy China Daily The board chairman of Huatong Color Spun, based in the city of Shaoxing in east China's Zhejiang province, has spent more than 1 billion yuan ($158.7 million) to develop hemp fiber products and apply for related patents. This wouldn't have been an ... and more »

Eight Questions: Tim Wright on China's Blood-Stained Coal Wall Street Journal (blog) This was strongly resisted by the mine owners, many of whom were inter-provincial investors particularly from Wenzhou in Zhejiang. The attempt to control the private sector is also about controlling the social and environmental costs of mining? and more »

Zhejiang moving to ease financial pressures for firms China Daily By Xie Yu (China Daily) HANGZHOU - Zhejiang province will strive to ease private companies' financing pressures and channel private capital into the real economy instead of speculation, said Xia Baolong, the provincial governor, on Monday.

Slowdown bites hard as firms struggle China Daily Back then, China was just starting to loosen the shackles of the planned economy and beginning to embrace the new model that later developed into a market-oriented economy. Wenzhou, a secondary city in Zhejiang province - which has won national fame in ... 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 »

Man held for failing to repay loan to 1000 lenders The Asian Age The head of a Chinese firm that owns 36 schools and companies across the country has been detained after he failed to repay 2.2 billion yuan (around $350 million) in debt to about 1000 private lenders. Police in eastern Zhejiang province detained Dong ...

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