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]
References
- MARK LANDLER. Bankruptcy the Chinese Way; Foreign Bankers Are Shown to the End of the Line The New York Times, 22 January 1999, retrieved 20 December 2011^
- [] T.K. Chang. The East Is in the Red International Financial Law Review, March 1999, retrieved 20 December 2011^