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Once China’s most popular hub for real estate investment, the coastal city of Wenzhou has seen a significant drop in housing prices in recent months.
A dust explosion and fire on Aug. 6 at an unlicensed factory in Zhejiang Province left 13 people dead and 14 hospitalized.
Zhejiang Province, China’s third richest region after Beijing and Shanghai, is known as the flagship of China’s private enterprise. But now this ship is floundering due to a serious credit crisis.
Natural latex polluted more than a mile of a stretch of the Quxi River in China’s Wenzhou City, Zhejiang Province, turning it into what was described as a “river of milk,”
