Wenzhou Shadow Banking Unscathed by China Crunch as Rates Steady

Wenzhou Shadow Banking Unscathed by China Crunch as Rates Steady

Qilai Shen/Bloomberg

China last year picked Wenzhou, a city of 9 million residents and 400,000 small businesses, for a pilot program to curb informal lending after more than 80 businessmen committed suicide or declared bankruptcy over six months.