They Came for Gold(3)
Published:
2007-11-22
He adds that government watchdogs frequently visit them to "investigate", and are always greeted by a hongbao, that is, cash wrapped up in red paper, usually with one or two hundred thousand yuan in.
Loan sharking has also brought trouble to the town. According to Liu, some locals won't dare to return after borrowing money at high interest and losing it all in the business. "Although things are not bad to the point of murder or arson, beating debtors is a common thing," he says.
The views posted here belong to the commentor, and are not representative of the Economic Observer |
Related Stories
Popular
Briefs
- OPhones to Take on iPhone
- The 3G-enabled Lenovo Mobile OPhone is likely to provide stiff competition to Apple's iPhone in the China market.
- Source:China Mobile
- 6.4-Magnitude Quake Rocks West China
- A 6.4-magnitude earthquake struck China's western Qinghai province earlier this morning.
- Source:China Earthquake Networks Center

- TAX
- Taxing Times
- China's tax bureau aims to collect an additional 100 billion in tax before the end of the ...
Interactive
Are state-owned enterprises playing too large a role in overseas acquisitions?
Multimedia
A look at Nanjing local government's controversial urban reconstruction project