China to Approve Bankruptcy of Over 500 State-Owned Enterprises – Xinhua
From Xinhuanet: China plans to approve the bankruptcy of around 500 more struggling state-owned enterprises (SOE) by the end of this year. According to the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, more than 2,000 SOEs will go bankrupt before 2008. The commission has approved 619 of them. Li Wei, deputy […]
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