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Private lending drops in Wenzhou after credit crisis (The Central People's Government of the People's Republic of China)

Thursday, January 10, 2013

WN.com - Politics News
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Private lending drops in Wenzhou after credit crisis (The Central People's Government of the People's Republic of China)
Jan 10th 2013, 10:32

(Source: The Central People's Government of the People's Republic of China) Private lending in Wenzhou, a city known as the cradle of China's private businesses, shrank by 30% compared with August last year after a credit crunch almost crippled the local economy, according to a survey conducted by the city's banking regulator. An official with the eastern city's banking regulatory bureau told Xinhua on Sunday that their recent survey showed that the...
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