When entrepreneurs in China seek financing for their projects they often turn to the informal credit market because the state-owned finance channels tend to prefer state-owned firms. Wenzhou is a manufacturing capital in China that produces everything from cigarette lighters to tennis shoes – its economy is both a shining example of how far China […]
Read MoreChina’s revelation that it cannot bailout the eurozone countries from their current fiscal quagmire might be due in part to its own bubbling financial crisis in the form of large, uninhabited real estate developments scattered throughout the country and into which billions in stimulus money were poured. One such place is a city in Inner […]
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