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David Barboza, In Cooling China, Loan Sharks Come Knocking. New York Times, Oct 14, 2011.
http://www.nytimes.com/2011/10/14/business/global/as-chinas-economy-cools-loan-sharks-come-knocking.html?_r=1&scp=1&sq=wenzhou&st=cse

Quote:

"Such illegal lending amounts to about $630 billion a year, or the equivalent of about 10 percent of China’s gross domestic product, according to estimates by the investment bank UBS.

"According to one local survey, more than 90 percent of Wenzhou’s households have invested in such lending pools.

"Already, according to a recent survey by the city’s small-business council, one in five of Wenzhou’s 360,000 small and medium-size businesses have recently stopped operating because of cash shortages.

Note:
(a) Aomi Liquid Equipment  温州奥米流体设备科技有限公司
http://www.wzaomi.com/

The web site still functions.

SUN Fucai  孙 福财
(b) Wenzhou Yinfeng Investment & Guarantee  温州银丰投资担保有限公司
(c) Shanghai Advanced Institute of Finance  上海交通大学 上海高级金融学院
www.saif.sjtu.edu.cn/
(d) The report, in the third paragraph from the bottom, cites
张和平, “跑路”的温州奥米公司董事长孙福财回到温州. Xinhua, Oct 11, 2011.
http://news.xinhuanet.com/politics/2011-10/11/c_122141916.htm

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