Suntech, the Chinese solar-panel maker, was once an example of the country’s phenomenal prowess in renewable energy.
Founded in 2001, the company rose to become the world’s largest solar-panel maker by sales in a decade, picking up a series of accolades along the way, including the Financial Times’ Boldness in Business award in 2010.
But today the New York-listed company has become an example of a different kind: a test case for Chinese bankruptcy law, a rarely used system that officials say is crucial to the long-term health of China’s financial system.
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