Guangdong International Trust and Investment Corporation (GITIC) was one of People's Republic of China's largest state-owned companies.[1] On January 16, 1999, its bankruptcy was the biggest in the history of the country to date.[2]

References

  1. ^ MARK LANDLER (22 January 1999). "Bankruptcy the Chinese Way; Foreign Bankers Are Shown to the End of the Line". The New York Times. Retrieved 20 December 2011.
  2. ^ T.K. Chang (March 1999). "The East Is in the Red". International Financial Law Review. Retrieved 20 December 2011.[]


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