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RSS FeedsChinese steelmaker that cooked the books shows struggle to revive rust belt
(WorldNews China)

 
 

14 july 2019 14:41:04

 
Chinese steelmaker that cooked the books shows struggle to revive rust belt
(WorldNews China)
 


As officials from China’s northeast report an improved economic performance, one of the region’s biggest state-owned firms has revealed the penalties it received for cooking its books, again throwing a spotlight on the complexity of reviving growth in the country’s rust belt.Shanghai-listed Fushun Special Steel, a “penny stock” company controlled by Dongbei Special Steel, was found to have fabricated its financial numbers on multiple fronts including its inventory, earnings and fixed-asset… ......


 
17 viewsCategory: General > Asia > China
 
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