Suntech, Chinese Solar Giant, Goes Bust

Keith Bradsher of the New York Times reports that China’s Suntech Power Holdings, one of the world’s largest makers of solar panels, was declared bankrupt on Wednesday: Suntech was the Icarus of the solar panel...

China’s Hidden Bankruptcy

From Economic Observer Online: Throughout 2008, only 3,500 enterprises formally filed for bankruptcy in China. Hiding behind this tiny number however is the approximately 800,000 businesses that exited the market by either...

China Toy Firms are the Latest to Suffer

Hit by the world economic crisis and new product regulations, Chinese toy companies are scrambling to stay viable. From Times Online: One after another, once-bustling factories are falling silent and closing their doors while...

China Starts New Bankruptcy Law – BBC

From BBC News: China has introduced a new bankruptcy law that gives creditors precedence over workers when it comes to claiming the assets of failed companies. The law also means that,


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