When Shanghai Chaori Solar Energy, a Chinese solar cell-maker and power-generator, missed an interest payment on its bonds in February 2014, the Chinese government didn’t intervene. As a result, Shanghai Chaori became the first Chinese company to default on servicing its debt—since 1997.
Beijing’s Rules for State Capitalism Are Changing
The world is watching how China handles company defaults.
May 14, 2014
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HBR Learning
HBR Learning
Global Collaboration Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Global Collaboration. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Learn how to overcome barriers when working globally.