Guangdong International Trust and Investment Corporation (GITIC) was one of People's Republic of China's largest state-owned companies.[1] On January 16, 1999, its bankruptcy was the biggest in the history of the country to date.[2]
![](http://upload.wikimedia.org/wikipedia/commons/thumb/4/43/GITIC_%28defunct_company%29.jpg/220px-GITIC_%28defunct_company%29.jpg)
References
edit- ^ MARK LANDLER (22 January 1999). "Bankruptcy the Chinese Way; Foreign Bankers Are Shown to the End of the Line". The New York Times. Retrieved 20 December 2011.
- ^ T.K. Chang (March 1999). "The East Is in the Red". International Financial Law Review. Retrieved 20 December 2011.[]