CARV­ING OUT A PROF­ITABLE NICHE

China Daily (Canada) - - BUSINESS -

PHOTO PRO­VIDED TO CHINA DAILY un­der­scor­ing in­vestor in­ter­est in prod­ucts that pay more than bank de­posits even as de­fault risks mount. About 20 bil­lion yuan of trust prod­ucts ex­pe­ri­enced re­pay­ment dif­fi­cul­ties in 2012, ac­count­ing for 0.27 per­cent of the in­dus­try’s as­sets at that time, the China Trustee As­so­ci­a­tion said on Thurs­day. biotech crops in 2013. Ge­net­i­cally mod­i­fied crops have aroused great con­tro­versy in China and else­where, with some people cast­ing doubt on their safety.

Dongyang in Zhe­jiang prov­ince — famed for wood­carv­ing — is at­tract­ing many mer­chants, who are snap­ping up wooden sculp­tures and bam­boo hand­i­crafts.

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