Caixin OnlineBusiness & IndustryTop Stories Industry Local Gov't Struggles with Solar Manufacturer's Debt
07.24.2012 20:34

Local Gov't Struggles with Solar Manufacturer's Debt

Jiangxi LDK's creditors try to work out repayment deal with officials in Xinyu
By staff reporters Huo Kan and Yang Qiubo
a

(Beijing) – Led by China's policy bank, creditors of Jiangxi LDK Solar are in talks with the company's host city government over loan payback.

The local government on July 12 set a provision of 2 billion yuan from the city budget to cover part of the company's financial gap, and officials are scrambling to sell stakes of the troubled company to local state-owned enterprises. 

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

Ammonia in the Haze

Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy


Issue 82
October, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Ammonia in the Haze
Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy
Issue 82
10.01.2014

Subscribe       |       Newsletter        |        FAQ