China Ends Support for Insolvent Companies (AP)




 
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May 13th, 2005  
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Topic: China Ends Support for Insolvent Companies (AP)


AP - China will stop bailing out many failing state-owned companies, instead requiring them to apply for bankruptcy as the country moves toward a more market-driven economy, state media reported Friday.

http://news.yahoo.com/news?tmpl=story&u=/ap/20050513/ap_on_bi_ge/china_bankruptcy]Read more...[/url]