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

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

Topic |   China economy
Elaine Chan
Elaine Chan

Updated: 10:37am, 15 Jul, 2019

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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
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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