Dropping Like Flies: Largest Steel Maker In China's Shanxi Province Defaults On CNY 3 Billion In Debt

http://www.zerohedge.com/news/2014-03-20/dropping-flies-largest-steel-maker-chinas-shanxi-province-defaults-cny-3-billion-deb

According to The Standard, "Highsee Group's 3 billion yuan debt was overdue last week," the 21st Century Business Herald reported yesterday. "The company is running in red, and has failed to pay workers for months. Many of its furnaces have stopped operating."