Bags of Huishan milk sit on a shelf in a grocery store in Shenyang in northeastern China's Liaoning province. Photo: Xinhua

How the debt bubble burst for China’s Huishan Dairy

Troubled operation, estimated to be US$5.8 billion in debt, is pinning its hopes of survival on a ‘White Knight’ and/or a government bailout – although many industry insiders consider neither will be enough

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Bags of Huishan milk sit on a shelf in a grocery store in Shenyang in northeastern China's Liaoning province. Photo: Xinhua
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