The Ministry of Industry and Information Technology acknowledged Thursday that small- and medium-sized enterprises (SMEs) face serious financing difficulties after the government tightened liquidity, but rejected claims of a wave of SME bankruptcies.
The All China Federation of Industry and Commerce, the official chamber for non-state-owned enterprises in China, has urged the central government to take action concerning what it regards as a serious likelihood of major bankruptcies among small to medium-sized businesses in China.
One of China’s leading newspapers has shut down its respected investigative unit, an editor said Tuesday, an apparent victim of a broad clampdown on political dissent and the media.
In his latest interview, former Thai prime minister Thaksin Shinawatra has ruled out serving jail term, saying he will have to “stand for justice” by not accepting “unfair” legal action against him.
Geothermal power is China’s most plentiful, reliable and environmentally friendly renewable energy, and its most neglected - but that may be about to change