Collectors of debt see good times

GUANGZHOU: While cornering many industries into a bleak winter, the global financial crisis has ushered in a business bonanza for debt collection service providers in this Southern China city.

According to a report in Guangzhou-based Information Times yesterday, the financial crisis has been a boon to local debt collectors, with many seeing a spike in business of 30 percent to 100 percent in recent months.

"It's very normal that such a business is enjoying a golden time amid global economic downturn," said Shi Jiezhan, a financial manager with a private firm in Guangzhou.