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ȘERBAN #CANTACUZINO
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#SECTORUL 4
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#JIANGSU #SUNING FC
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The bigger issue that isn't being discussed isn't #Suning going #bankrupt but the bankruptcy restructuring means thousands of downline Suning suppliers/business partners probably will not be getting paid. These are SMEs that are the backbone of the #Chinese economy creating more economic contagion.

It is reported that three companies of the Suning system have entered bankruptcy reorganization procedures. Accordingto reports from domestic media, three companies within the Suning Group have entered bankruptcy reorganization procedures. The report indicates that the National Enterprise Bankruptcy Reorgan...

One of China's largest retail giants #Suning has undergone #bankruptcy restructuring although they refused to call it that. Suning sells everything from food to appliances to electronic goods both online/offline with mounting debts of over $260 billion dollars.
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