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29 Jan

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Small-business suicides expose China’s hidden economic crisis

by · January 29, 2013 · 2 Comments

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“Many things that shouldn’t have happened, happened because of money,” Mr. Wang Youliang tells the camera in front him.

“The situation in (Wenzhou) is a secret everybody knows but you can’t talk about it in public.”

He is a young entrepreneur and shoe manufacturer working in Wenzhou, China. Among his friends, five factory owners escaped and one killed himself.

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