| The photo shows the Wenzhou World Trade Center, the highest building in east China's Zhejiang Province, March 28, 2012. China has approved plans to set up a pilot zone in the eastern part of the city of Wenzhou to regulate private financing activities, the State Council, China's cabinet, said Wednesday. The decision comes as underground private financing activities in Wenzhou, a major source of funding for the nation's small- and medium-sized businesses, have stirred up financial disputes and crime and threatened financial and economic stability (XINHUA) |
