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By Song Jingli and Hao Yan (chinadaily.com.cn)
Updated: 2010-05-14 17:10

Wenzhou investors turn to real economy

Wenzhou investors, who are known in China for their sharp sense of business and investment, are turning their focus to the real economy as the stock market becomes bearish and the property market is tightened by a series of government policies, the 21st Century Business Herald reported.

Many entrepreneurs in Wenzhou, Zhejiang province, who previously put money into the capital market have switched back to expanding their business in the real economy sector, as the reviving world economy pushes order numbers to increase.

Qiu Xuefan, a successor to a family business, told reporters that the real economy is mostly cyclical industries and now their time is coming. This Wenzhou businessman used to prefer stock and property markets to real economy. [Full Story]