OceanX radar: Doom & gloom at the IMF; China's new plan; Bought in the US of A
Here comes the rain again
Little known outside manufacturing, procurement and logistics circles, the eastern city of Wenzhou was one of the poster boys of the Chinese export boom. But as labour and land costs increase and loans for businesses become harder to secure, its commercial life has vanished with astonishing speed. An alarming story about where some of the beneficiaries of China’s economic miracle are now heading.