Creditors of China's HNA Group have applied for bankruptcy and restructuring to the court after HNA failed to pay off due debts, according to a statement by HNA.The company said it will cooperate wit
02:28 Last week, theFord Motor has announcedthat it would close its three manufacturing plantsin Brazil,citing restructuring plans and the COVID-19 pandemic.CGTN’s Paulo Cabral reports
The restructuring plan for two major steel companies will be a touchstone for China's state-owned enterprise (SOE) reform.
When investors place their bets in the A-share market this week, one of the key factors they would weigh is the progress of the reform and restructuring of the country's loss-making State-owned enterprises, analysts said.
China is in a phase when it must rely on economic transformation and upgrading to maintain continuous and healthy development, said Premier Li Keqiang on Tuesday.
The powerful Railways Ministry will be dissolved, and several other departments and agencies will be reorganized, according to a plan submitted to the national legislative session on Sunday.
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