Dubai whack for Wenzhou merchants
By Hu Yuanyuan, Yan Jie and Yu Ran | China Daily | Updated: 2009-12-02 08:04
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A worker fixes the fence of a new development project, Dar Wasl, in Dubai. There are around 150,000 Chinese citizens living in Dubai, and nearly 20,000 of them are merchants from Wenzhou. CFP |
The merchants of Wenzhou, who are usually regarded as the most active and eagle-eyed of businessmen in China, may take the hardest knock from Dubai World's default on its debt repayments.
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