China's First SOE Closed Down for PollutionA large State-owned enterprise in north China's Liaoning Province was forced to close on August 8 owing to serious pollution problem.The Shenyang Intermediate People's Court on August 8 declared bankruptcy of Shenyang Smeltery, which discharged 42 percent of sulphur dioxide in Shenyang, a major industrial city in north China. This is the first time that China shut down a large enterprise of the kind for pollution problem. Founded in 1936, the smeltery was among the top 500 SOEs in the 1980's. It has been blamed for polluting one quarter area of Shenyang, capital of northeast China's Liaoning Province. |
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