Author(s)

Shi Li

Renmin University of China, Beijing, China.

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.

Suntech Wuxi Government-Industry Relationships in China System Risk

Li, S. (2013). The Challenge of Managing Government-Industry Relationships. Journal of Financial Risk Management, 2, 84-86. doi: 10.4236/jfrm.2013.24014.