Not a crisis but surely an alarm
[2011-11-12 08:38]Wenzhou has been in focus in the Chinese media after some entrepreneurs in the city committed suicide or shut down their factories and fled because they could not pay their debts.
Wenzhou investors mass exit?
[2011-11-11 08:06]Despite a burgeoning debt crisis, the Hong Kong property market remains attractive to Wenzhou people because of stable returns and favorable policies. Li Tao reports.
Wenzhou launches reforms to tackle debt crisis
[2011-11-09 19:34]The eastern city of Wenzhou announced Wednesday that it has launched a series of financial reforms to help tackle the debt crisis of local small and medium-sized enterprises.
Wenzhou credit crisis eases up
[2011-11-07 07:51]SHANGHAI - Wenzhou's credit crisis is under control and some of its closed enterprises have recovered operation. The city government promised to introduce more measures to improve the financial situation in Wenzhou a month after Premier Wen's visit.
Support for small business buffers effects of global downturn
[2011-11-03 07:59]As the world looks at China ahead of the G20 summit in Cannes, France, the country's private sector is going through a hard time.
China sets up emergency fund to help business
[2011-11-02 17:05]An emergency fund has been set up in China's eastern city of Wenzhou to help cash-stricken businesses and individuals meet financing needs, the China Securities Journal reported on Wednesday.
Arrest of 'runaway bosses'in credit crunch begins
[2011-10-25 11:59]Police have begun arresting entrepreneurs who have gone into hiding to avoid repaying bank and informal high-interest loans.
Financial system needs to serve SMEs
[2011-10-25 07:58]With the current regimen of credit austerity making conditions for SMEs worse, the financial sector is now affecting the country's economic dynamism. Why can't China's SMEs rely on the formal financial sector to finance their daily operations?
Fugitive factory boss arrested
[2011-10-24 10:15]A factory owner from Wenzhou, Zhejiang province, who fled owing wages to some 60 employees, has been arrested in his home province.
Fugitive factory boss arrested
[2011-10-24 08:08]A factory owner from Wenzhou, Zhejiang province, who fled owing wages to some 60 employees, has been arrested in his home province.
Pilot zone for private financing planned
[2011-10-18 09:46]China's eastern city of Wenzhou has submitted a proposal to the Zhejiang provincial government about regulating private financing and building the city into a distribution center of private capital, local officials said.
Wenzhou to build pilot zone for private financing
[2011-10-17 22:18]China's eastern city of Wenzhou has submitted a proposal to the Zhejiang provincial government about regulating private financing and building the city into a distribution center of private capital, local officials told Xinhua on Monday.
Profitable practice plagued by problems
[2011-10-17 10:27]"It's scary out there," she conceded. "But what can I do, other than sit tight and hope that the ill wind will blow away without carrying me with it?" she sighed.
Neither a borrower nor a lender be
[2011-10-17 09:15]Premier Wen Jiabao paid a rare visit to Wenzhou, a typical boomtown in eastern Zhejiang province, during the National Day holidays.
Wenzhou credit crisis 'inevitable' with unchecked private lending
[2011-10-14 07:52]SHANGHAI - More than 65 percent of entrepreneurs at companies with annual sales of at least 30 million yuan ($4.72 million) believe that the credit crisis in Wenzhou was inevitable, given the little-supervised private lending system, according to a survey released on Thursday.
Wenzhou economy 'still healthy'
[2011-10-13 10:54]Debt-laden entrepreneurs who fled from Wenzhou, Zhejiang province, have only had a "limited impact" on the local banking system and the overall economic situation in the region remains healthy, banking executives and analysts said.
Govt gives bigger help to small firms
[2011-10-13 01:48]The China's Cabinet on Wednesday took a new approach toward helping the cash-strapped small- and micro-sized enterprises, pledging stronger financial and fiscal support.
China ensures bank loans to help private sector
[2011-10-12 10:18]Authorities in east Zhejiang province have sent 11 work groups to oversee a bank bailout of private firms suffering from a liquidity crunch in a coordinated move to tackle the Wenzhou debt crisis.
China helps private sector tackle debt crisis
[2011-10-11 18:41]Authorities in Zhejiang have sent 11 work groups to oversee a bank bailout of private firms suffering from a liquidity crunch to tackle the Wenzhou debt crisis.
Fugitive from debt back to Wenzhou for restructuring
[2011-10-11 07:57]WENZHOU, Zhejiang - A fugitive Wenzhou eyeglass manufacturer returned to his hometown on Monday to assist the local government in the restructuring of his business.
