Chinese Equipment Maker DunAn In Distress With Total Debt Of $7 Billion To Be Restructured

A Chinese precision manufacturing and equipment maker is in distress with total outstanding debt of RMB45 billion (US$7 billion). Government officials in Zhejiang province, where DunAn Group is based, and creditors have gathered to discuss solutions for the company’s escalating debt crisis.

China Money Network

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Nina Xiang
Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.