Workers of one of China’s largest spectacle makers protested over the weekend, after the boss of the indebted company disappeared last week. Hu Fulin founded the Zhejiang Center Group. It could be the latest casualty in China’s escalating private lending woes.
Hundreds of Hu’s employees marched down the street of Wenzhou on Sunday to demand their pay. They got word their boss had fled the country, leaving behind a massive debt. The demonstration temporarily brought local traffic to a standstill.