Ambitions at another government-sponsored zone in Wuxi (like Suzhou, in Jiangsu province) are likely to be scaled back.
However, a suspect in Wuxi assured China Central Television that while foxes and mink had been used in the production of fake meat, no rats had been used.
Shi reportedly refused the two government proposals and wanted to protect the New York-listed Suntech Power by letting its core subsidiary in Wuxi go bankrupt, according to the 21st Century Business Herald report.
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The building serves as the model for everything from seafood restaurants to single-family homes to government offices in Guangzhou, Wuxi, Shanghai, Wenling and Nanjing.
Stephen Leeb, president of Leeb Capital and editor of the Complete Investor newsletter, recommends taking advantage of a pullback in shares of Wuxi, China-based Suntech Power Holdings to buy into two investment themes at once: China and green power.
It announced on Wednesday that eight Chinese banks had filed a petition for insolvency and restructuring of Wuxi Suntech in a court in Jiangsu province.
The media earlier revealed a criminal ring that had been selling rat, fox and mink meat bought from farms in Shandong as mutton for hot-pot restaurants in Shanghai and neighbouring Wuxi since 2009.
The China Daily newspaper said authorities in the eastern city of Wuxi were looking into the claims.
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He had grown up in the eastern commercial city of Wuxi and had been assigned the job of carpenter, until economic reforms took hold and he went into business for himself.
Fortunately, I had an opportunity to do just that last week while on a bit of a road show in Shanghai, Wuhan, Hangzhou, Wuxi, Ningbo and Hangzhou with one of our clients.
The government of Wuxi, the city where Suntech is headquartered, has come to Suntech's aid in the past -- and appears to be taking an even more active role in the company with the appointment earlier this week of a new president, Zhou Weiping, who previously worked for the government-backed Wuxi Guolian Development Co.
Overall, Johnson Controls with its advanced product portfolio, manufacturing facilities at Guangzhou and Wuxi, an engineering center at Wuxi and 37 branch offices providing servicing, is well-positioned to maintain its leadership position in the building market of China.
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But regardless, after what has been a tough spell for Chinese solar tycoons and their investors, a curtain seemed to come down with the bankruptcy of the Wuxi Suntech Power arm of the emblematic Suntech Power Holdings, whose shares dipped to 42 cents in New York on Friday.
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Panel prices for Wuxi, China- based Suntech, the biggest solar-panel maker, and two other companies moved in tandem, falling 75 percent in four years in the U.S. market, Solyndra said.
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