In China’s Struggling Stock Market, a Few Winners Emerge

Amid the carnage of the Chinese stock market, a handful of stocks have posted huge gains, and the reasons why say a lot about how the market operates.

One big winner emerged from the ashes of Shanghai Chaori Solar Energy Science Technology Co., the company that holds the distinction of being the first to default on a Chinese domestic bond. After a restructuring, shares of the successor company, renamed GCL System Integration…

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