With 5,000 booths and an exhibition area of 125,000 square metres, the 11th China International Consumer Goods Fair (CICGF) will be one of China's largest foreign trade fairs and one of its four largest import and export events.Wednesday, 23 May, 2012, 12:00am
Foreign investment continued to surge in Ningbo last year. Accumulated foreign investment reached US$5.02 billion, up 24 per cent from 2010. The city's gross domestic product rose 10 per cent to hit 601 billion yuan (HK$738 billion).23 May 2012 - 12:00am
The death penalty for 30-year-old Zhejiang billionaire Wu Ying was upheld yesterday in a retrial, but suspended for two years - a decision hailed by some legal experts but slammed by Wu's father, who maintained she was innocent.22 May 2012 - 12:00am
Private lending in Wenzhou, Zhejiang, a seedbed for private businesses over the past three decades has plunged since a credit crisis almost crippled the local economy, city data shows.14 May 2012 - 12:00am
The mainland's shadow banking system may have made many people rich, but it also has a dark side.
Billionaire Wu Ying, 30, was sentenced to death in 2009 for illegally raising funds with the intention to defraud - a verdict that has shocked thousands of entrepreneurs in eastern Zhejiang province, as they have used underground loans to grow their businesses.23 Apr 2012 - 12:00am
Wenzhou tycoon Huang Weijian has been a hot online topic on the mainland this month after spending more than 400 million yuan (HK$490 million) to buy and refurbish a luxury cruise ship formerly owned by casino magnate Stanley Ho Hung-sun.
Huang, 40, who has renamed the former Asia Star as the China Star, said the cost was worth it.30 Mar 2012 - 12:00am
Beijing said yesterday it would legalise Wenzhou's controversial underground banking sector and allow the city's residents to make direct investments abroad.29 Mar 2012 - 12:00am
Premier Wen Jiabao said yesterday that the central government was considering an overhaul of laws that ban private fund-raising by businesses and individuals and may use the eastern city of Wenzhou as a testing ground for reforms.15 Mar 2012 - 12:00am