The Challenge of Managing Government-Industry Relationships
Shi Li
Renmin University of China, Beijing, China.
DOI: 10.4236/jfrm.2013.24014   PDF    HTML     5,402 Downloads   8,902 Views  


Suntech, once the star of China’s PV industry, now is a highly distressed company under bankruptcy protection towards restructure of business activities. From Suntech’s founding to its uncertain future prospects, the paper discussed the company’s growth story as a good case study to discuss the opportunities and risks resulting from China’s approach to industrial development, which is motivated by booming local economic growth. In the article, we first stated the evolution of Suntech and analyzed the risk factors which lead to the bankruptcy of Suntech under Kaplan’s new risk management and risk categorization framework. A conclusion that the broader strategy of booming economy should be oriented in the healthy enterprise-growth based approach is introduced at the end of the paper.

Share and Cite:

Li, S. (2013). The Challenge of Managing Government-Industry Relationships. Journal of Financial Risk Management, 2, 84-86. doi: 10.4236/jfrm.2013.24014.

Conflicts of Interest

The authors declare no conflicts of interest.


[1] Steven, N. S. C. (2009). The economic system of China.
[2] Yi, D. (2005). Suntech: The triple-jump capital legend. China Business.
[3] Liu, X. (2012). Anbang: The dilemma of Suntech and LDK Solar.
[4] 21 Century Business Herald (2012). PV self-defense war of Jiangsu: 300 PV companies facing reshuffle.
[5] Robert, S. K., & Anette, M. (2012). Managing risks: A new framework. Harvard Business Review.

Copyright © 2023 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.