Wenzhou policeman gets sick saving girl from polluted river

Zhang Guangcong rescues a girl from a polluted river. Photo: SCMP Pictures

Doctors diagnosed him as having a severe infection of the lungs, most likely contracted from the bacteria-infested river.

Thursday, 23 May, 2013, 5:18pm

The plight of Wenzhou's reform project could determine the nation's future

Wenzhou launched 78 projects to reform its financial organisations, service sector, regulatory system and capital market. Photo: Bloomberg

Wenzhou has been implementing financial reform for just one year, but its progress is attracting attention. The State Council decided last year to set up this pilot region for comprehensive financial reform, with the aim of accumulating experience for the country.

4 Apr 2013 - 3:17am

Yiyi, the little girl who survived a train crash, returns to Wenzhou

Xiang Weiyi lies in a hospital bed after the Wenzhou train crash in July 2011. Photo: AFP

Xiang Weiyi, the little girl who miraculously survived a high-speed train crash in Wenzhou two years ago but was left an orphan, has returned to the city, her hometown, after a year-and-a-half of medical treatment and rehabilitation training.

30 Mar 2013 - 11:37am

Chasing shadows

Illustration: Emilio Rivera

One year after the mainland's leaders picked Wenzhou to start a pilot programme designed to curb and regulate the city's informal shadow-lending networks, it's clear the plan isn't working. Small firms it intended to benefit still can't access loans because they lack collateral and are struggling to stay afloat. 

28 Mar 2013 - 6:31am

Chinese officials launch 'green' ad to fight back against swimming challenge

A screen grab of the advertisement. Photo: SCMP Pictures

Haunted by media attention after local officials were challenged to swim in polluted rivers, Wenzhou authorities fought back with a 140,000 yuan advertisement campaign boasting of their environmental protection record, Beijing Times reported on Thursday.

21 Feb 2013 - 12:57pm

Talking points

The maximum weight limit for passengers' luggage on the MTR's East Rail Line drops from 33kg to 23kg.

The maximum weight limit for passengers' luggage on the MTR's East Rail Line drops from 33kg to 23kg today. This is one of the measures announced last week to crack down on mainlanders buying milk formula in Hong Kong, which has led to a shortage.

4 Feb 2013 - 3:02am

School incidents highlight China's corporal punishment debate

Middle school students kneel in a playground. Picture: Screenshot from Weibo.

Corporal punishment in schools is still very much alive in many parts of China, particularly in the south.

While many see corporal punishment as a breach of children’s rights, others argue that it is an effective disciplinary tool.

Adding to the debate, two independent incidents that took place in Jiangxi and Wenzhou earlier this week caught media attention.

25 Jan 2013 - 3:45pm

Wenzhou's May Zheng eyes Hong Kong despite high stamp duty

May Zheng, a Wenzhou citizen, is still considering buying a flat in Hong Kong despite the extra stamp duty imposd on non-residents. Photo: AFP

May Zheng is a rarity among Wenzhou citizens. The 25-year-old is still considering buying a flat in Hong Kong despite seeing the property market in her hometown collapse.

"Since we are homeowners already, we cannot buy more flats in our hometown Wenzhou because of the government's purchase restrictions," Zheng said.

23 Dec 2012 - 5:26am 1 comment

Wenzhou's once-hot housing market comes crashing down

Residential buildings line a major street in Wenzhou, Zhejiang province. Only two years ago, the city's property market was the hottest on the mainland, but it has fallen on hard times after government cooling measures. Photo: Imaginechina

Stroll down the streets of Wenzhou and it doesn't take long to realise how dead its once red-hot property market has become. In property agencies, brokers take an afternoon nap or watch television in offices that once buzzed with activity.

23 Dec 2012 - 4:03pm

Underground banking may become thing of the past in Wenzhou

Wenzhou wants to become a major financial services centre.

Wenzhou, the mainland's hub for private businesses, has taken a major step forward in legalising the underground banking system and liberalising capital outflow by publishing a guideline for a much-awaited financial reform.

The new rule aims to transform Wenzhou, plagued by a series of crises related to shadow banking, into the nation's financial services centre.

24 Nov 2012 - 3:59am

China pushing ahead financial reform in Wenzhou

Workers work in the factory of China Huite Shoes Company in Wenzhou. Photo: Ricky Wong

A Chinese province is pushing ahead a closely-watched financial reform pilot project aimed at formalising private lending to reduce financial risks, official media reported on Friday.

8 May 2015 - 9:46am

Wenzhou villagers riot over substation they fear is health threat

Police prepare to disperse protestors. Photo: SCMP

More than 1,000 villagers have clashed with police in Wenzhou over the construction of an electrical substation, despite recent central government promises for changes to reduce "not in my backyard" movements.

22 Nov 2012 - 4:58am

Paying the price in Wenzhou's underground banking system

Bad debt is about 3 per cent in Wenzhou. Photo: Reuters

Mischief comes by the pound and goes by the ounce - and businesspeople in Wenzhou, the mainland's entrepreneurial heartland, learned the lesson of this old proverb the hard way.

15 Oct 2012 - 8:39am

Mounting bad debts rock 'the cradle' of enterprise in Wenzhou

The ratio of bad debts has almost doubled this year in Wenzhou, a city of about nine million people in China's entrepreneurial heartland. Photo: Bloomberg

The rapid growth in the level of bad loans in the entrepreneurial hub of Wenzhou is raising danger signs about a potential deterioration in credit quality at mainland banks.

8 May 2015 - 9:46am

Two triad bosses sentenced to death

Two kingpins of the biggest triad crime syndicate in Wenzhou have been sentenced to death, while another boss has received a suspended death sentence.

According to the Wenzhou Intermediate People's Court, which heard the case on Monday, the three criminals led a gang involved in casino operations. But disagreements with rivals often culminated in huge street fights.

15 Aug 2012 - 10:42pm