| Private credit market in Wenzhou, Zhejiang Province has been developing out of control, Qilu Evening News reported. |
據《齊魯晚報》報道，浙江溫州地區民間借貸市場的發展已經開始失控。? |
| The banks are strictly controlling the issuing of new loans following the country's tightening policies; on the private market, the interest rate for one-year lending has surged to a stunning 60 percent. |
由于國家緊縮政策的影響，銀行紛紛收緊了新增貸款的發放量；但在民間市場，一年期的貸款利率已飆升至驚人的60%。 |
| In Wenzhou, the gross profit margin for small industries is usually 3 to 5 percent, and the locals are all scrambling for the high risk underground usury chains. |
溫州地區的中小企業毛利潤率一般是3-5%，而高利貸市場的高風險率也讓當地人趨之若鶩。 |
| 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. |
中國人民銀行發布的《溫州民間借貸市場報告》顯示，溫州大約89%的個人和59%的企業參與了民間借貸。 |
| The inability to pay off the excessively high interests has driven a number of creditors into bankruptcy and debtors into skipping payments - or skipping town altogether. |
無法償還超高的利息已經導致很多借款人破產，債主無法償還本利，均紛紛逃離和消失。 |
| Meanwhile, the small businesses' difficulty in finding new loans has made the usury market the only way to keep their companies alive. However, once inside the murky water, there is hardly any turning back. |
但目前中小企業融資困難，求助高利貸也成為唯一的存活方式。只不過一旦走上這條路，很多企業就再難以翻身。 |
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A debt crisis appears to be on the horizon for the coastal city.
(China.org.cn September 20, 2011) |
一場債務危機正在這座沿海城市顯現出來。 |
