Insight: China pays high price to spare state firm from bankruptcy

May 20, 2012 | Posted by: roboblogger | Full story: Reuters

The Chinese official was adamant the city of Weifang would keep its rayon factory open, noting that local authorities had just stepped in to help the plant's owner repay $60 million in commercial paper.

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1 - 6 of 6 Comments Last updated May 22, 2012
boondock saint

Phnom Penh, Cambodia

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Judge it!
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#1
May 21, 2012
 
Hahaha, nice economic model !! Priceless !!
bob

Scranton, PA

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#2
May 21, 2012
 
china sucks
lct

Beijing, China

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#3
May 21, 2012
 
some foreign private money from tax-haven British kaman island involved in Weifang rayon plant, and they think can continue to make money on Chinese market.

I am just happy to see local government seize the opportunity to get them out, and turned it into a complete state-owned company.

Anyway, Chinese government owns the banks. so money actually is never a problem. Business opportunities are.

“Is better than Dogma”

Since: Mar 09

Peking Duck University

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#4
May 21, 2012
 
lct wrote:
some foreign private money from tax-haven British kaman island involved in Weifang rayon plant, and they think can continue to make money on Chinese market.
I am just happy to see local government seize the opportunity to get them out, and turned it into a complete state-owned company.
Anyway, Chinese government owns the banks. so money actually is never a problem. Business opportunities are.
In general speaking, to control anything you need people's voice to raise the doubt and thats what Democracy for rather than the Dictator ship system can only have 1 or 3 voices and in that ratio, 1 0r 3 voices will be a disaster.

Look at the Communists history, they GOVT all claim averything, a clam, tree, a boat, a house, a shop, a market, a ....bike shop, a ... bank etc belong to the Communist Party and mostly the CP member were uneducated, with this uneducated system of Commies, they kill and revenge each other to Death.

Simple. Chen Guangcheng still have a place to live in America and no more harassing for now besides in Red China his relative still suffered the Red Govt harrassements.
lct

Beijing, China

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#5
May 22, 2012
 
Cow Dung wrote:
<quoted text>
In general speaking, to control anything you need people's voice to raise the doubt and thats what Democracy for rather than the Dictator ship system can only have 1 or 3 voices and in that ratio, 1 0r 3 voices will be a disaster.
Look at the Communists history, they GOVT all claim averything, a clam, tree, a boat, a house, a shop, a market, a ....bike shop, a ... bank etc belong to the Communist Party and mostly the CP member were uneducated, with this uneducated system of Commies, they kill and revenge each other to Death.
Simple. Chen Guangcheng still have a place to live in America and no more harassing for now besides in Red China his relative still suffered the Red Govt harrassements.
Just watch images of NATO protestors beating up by Chicago police, watch the blood on their faces before you talk about hrrassement,

meanwhile your food stamps is almost gone, after your government sold everything.

Talk about Chen, none wants to bailout your insovent universities, Chen may find out a year later he has no place to go.:)

“Is better than Dogma”

Since: Mar 09

Peking Duck University

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#6
May 22, 2012
 
lct wrote:
<quoted text>
Just watch images of NATO protestors beating up by Chicago police, watch the blood on their faces before you talk about hrrassement,
meanwhile your food stamps is almost gone, after your government sold everything.
Talk about Chen, none wants to bailout your insovent universities, Chen may find out a year later he has no place to go.:)
You R such an Idiot Red Sucker.

Hmmm, you can watch the Chicago PD beats other American but all the West can not ... I repeat ...can not watch the TV that shown Communist Police beats or harass the Chen's relatives or his family while he was there years ago ?

Thats what Red Hammer n Sickle were hiding about and what Democracy in the West were about with truth.

Show your Dignity, not the fake China chicken egg http://www.chengduliving.com/fake-eggs-are-no...

http://www.funzug.com/index.php/crazy-picture...

http://www.chinahush.com/2009/04/24/how-to-id...

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