JFRM  Vol.2 No.4 , December 2013
The Challenge of Managing Government-Industry Relationships
Author(s) Shi Li
ABSTRACT
Suntech, once the star of China’s PV industry, now is a highly distressed company under bankruptcy protection towards restructure of business activities. From Suntech’s founding to its uncertain future prospects, the paper discussed the company’s growth story as a good case study to discuss the opportunities and risks resulting from China’s approach to industrial development, which is motivated by booming local economic growth. In the article, we first stated the evolution of Suntech and analyzed the risk factors which lead to the bankruptcy of Suntech under Kaplan’s new risk management and risk categorization framework. A conclusion that the broader strategy of booming economy should be oriented in the healthy enterprise-growth based approach is introduced at the end of the paper.

Cite this paper
Li, S. (2013). The Challenge of Managing Government-Industry Relationships. Journal of Financial Risk Management, 2, 84-86. doi: 10.4236/jfrm.2013.24014.
References
[1]   Steven, N. S. C. (2009). The economic system of China.

[2]   Yi, D. (2005). Suntech: The triple-jump capital legend. China Business.

[3]   Liu, X. (2012). Anbang: The dilemma of Suntech and LDK Solar.
http://comments.caijing.com.cn/2012-08-22/112073873.html

[4]   21 Century Business Herald (2012). PV self-defense war of Jiangsu: 300 PV companies facing reshuffle.
http://www.21cbh.com/HTML/2012-5-14/5ONDE3XzQzMjk5OQ.html

[5]   Robert, S. K., & Anette, M. (2012). Managing risks: A new framework. Harvard Business Review.

 
 
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