标题: Wenzhou: The Shape of Things to Come? [打印本页] 作者: choi 时间: 10-28-2011 12:21 标题: Wenzhou: The Shape of Things to Come? Note: The Shape of Things to Come http://en.wikipedia.org/wiki/The_Shape_of_Things_to_Come
(a work of science fiction by HG Wells [1866-1946; English], published in 1933)
"For a glimpse of the unfolding debt crisis that many fear could be China’s future, take a trip to the used-car market in this gritty industrial city on the coast. A half-dozen Mercedes-Benzes, an equal number of BMWs, several Porsches, a Range Rover, a Rolls-Royce and a Hummer, most just a few years old and in pristine condition, were there on a recent day. Their owners were all Wenzhou factory bosses who needed to sell their luxury cars for cash to pay back their business loans.
"There are already warning signs that the debt problem is spreading, specifically to parts of Jiangsu and Shanxi provinces, and to Inner Mongolia, where many owners of small mines are believed to be overextended. * * * Wu [Jianmin, a Wenzhou eyeglasses maker] made both loans in April, for six months, to people from Wenzhou who were involved in the mining business in another province. This month, as the loans have come due, both friends have disappeared.