Posted inChina, Japan, Northeast Asia, World

China’s 500th largest firm is first casualty of trade war with US

Shandong Sunrise Group, a major soybean importer that was, for years, China’s 500th biggest company, has become the first Chinese firm to file for bankruptcy as the Sino-American trade war heats up. The cross-Pacific battle was the last straw for the company owned by Shao Zhongyi, once the richest man in Shandong province according to […]