Even before the credit crunch they were complaining about growing Labour costs, which in Wenzhou have increased by 30% since February 2010, according to Mr Zhou.

据周德文称，在信贷紧缩发生以前，小企业就在抱怨劳动力价格的上涨。自2010年2月起，温州的劳动力价格上涨了30%。

youdao

A Central Bank report on the private lending market in Wenzhou found that 89 percent of individuals and 59 percent of businesses in the city were involved in the unauthorized credit market.

中国人民银行发布的《温州民间借贷市场报告》显示，温州大约89%的个人和59%的企业参与了民间借贷。

youdao

"It's very tough to get loans now," said Huang Fajing, a cigarette lighter manufacturer in the southern city of Wenzhou who was recently told by his bank that his credit line was being trimmed.

黄发静(音译)是温州南部一个城市的香烟生产商，他说：“现在很难获得贷款。”他最近被银行告知，他的信贷额度被削减了。

youdao

In recent weeks a credit crisis in the eastern city of Wenzhou has led to the flight of dozens of businessmen, leaving thousands of workers at private companies unpaid.

ECONOMIST: Unpaid wages in China

And China is facing a credit crisis of its own -- albeit writ small -- in a number of mid-tier cities such as Wenzhou as once red-hot property markets cool.

CNN: Q&A: Will China come to the EU's rescue?