Wenzhou charts new survival strategies to beat slump
By Xin Zhiming | China Daily | Updated: 2009-02-17 07:54
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Workers manufacture down jackets at the Quanli Garment Factory in Pinghu, Zhejiang province. Bloomberg News |
Thirty years ago, Wenzhou, a city in Zhejiang province located 250 km south of Shanghai, tried to blaze a new path - of developing a largely privatized small and medium enterprises sector. China, then, was still debating whether it should loosen control over its State-run economy or not.
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