Gansu Power Company Bites The Dust – Caixin Global
A unit of one of Chinas big five power producers has been ruled bankrupt after amassing major debts, with a missed 16.44 million yuan ($2.39 million) loan repayment proving the straw that broke the camels back. A local court in northern Chinas Gansu province deemed Gansu Datang International Liancheng Power Generation Co. to be seriously…