The steelmaker was fined 600,000 yuan and 45 of its executives were named, shamed and received individual fines. Photo: Fushun Special Steel
The steelmaker was fined 600,000 yuan and 45 of its executives were named, shamed and received individual fines. Photo: Fushun Special Steel

Chinese steelmaker that cooked the books shows struggle to revive rust belt

  • Shanghai-listed Fushun Special Steel was found to have fabricated financial numbers including for its inventory, earnings and fixed-asset investments
  • Regulator fined the company US$87,200, named and shamed 45 of its executives and slapped individual fines on them too

The steelmaker was fined 600,000 yuan and 45 of its executives were named, shamed and received individual fines. Photo: Fushun Special Steel
The steelmaker was fined 600,000 yuan and 45 of its executives were named, shamed and received individual fines. Photo: Fushun Special Steel
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