China Bankruptcy Cases Surge as Economy Slows
Rise in liquidations reflects growing role for courts in tackling ‘zombie’ companies
Chinese Weibo Users Are Salivating Over Detroit’s Bankruptcy
Millions commented on the CCTV post about Detroit on Sina Weibo. As one user put it, “Seven-hundred thousand people, quiet, clean air, no pollution, democracy — what are you waiting for?”
Caixin Media
07.27.12
LDK Solar Owes Twenty Suppliers 600 Million Yuan
Debt-ridden Jiangxi LDK Solar has defaulted on at least 600 million yuan in unpaid bills for raw materials and equipment, twenty suppliers say.
“Starting from late last year, LDK Solar was delinquent on 15 million yuan to our company,” Liu...