Friday, 30 September 2011
Among the protestors bringing traffic to a standstill in Wenzhou were previous employees as well as creditors who had loaned money to Zhejiang Center Group.
The east China city of Wenzhou is battling its own subprime crisis after seven local business owners fled recently, leaving thousands of employees in a state of shock and enormous unpaid loans in hundreds of millions of yuan.
Thursday, 29 September 2011
Flush with trillions of dollars in cash, possible Beijing bailout of a battered Europe carries great risks
A pilot programme to levy property taxes, the first of its kind in China, is helping cool price rises in Chongqing and will eventually be extended to the rest of the country, the mayor of the country’s biggest municipality told reporters.
Brokers halt ‘golden week’ visits as buying interest dives amid lending curbs and economic gloom
Wednesday, 28 September 2011
Crumbling flood dykes in China decried as "tofu dregs" built by "parasites". Erring bankers lashed as "half-wits" and crime "accomplices". Special hotels for Communist Party elite dismissed as wasteful piles of "golden splendour".