Metals Producer Is China’s First State-Owned Company To Liquidate In Bankruptcy

– Metals Producer Is China’s First State-Owned Company To Liquidate In Bankruptcy:

After a struggle to repay its debts since 2015, Guangxi Nonferrous Metals Group, a regional Chinese state-owned metal producer, has finally been declared bankrupt by a Chinese court, becoming the country’s first interbank bond issuer to fail. It is also China’s first bankruptcy case in which a state-owned company has liquidated. 

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