Is struggling shipbuilder China Rongsheng too big to fail?

An appeal for government financial support from China’s biggest private shipbuilder presents authorities with some stark choices between protecting a big employer and its jobs or letting the firm go under to ease pressure on a sector suffering from overcapacity and sharply falling new orders.

Since Beijing appears intent on telling investors it is serious about changing the investment-led growth model of the world’s second-biggest economy and controlling a credit splurge, it may seem like the writing is on the wall for China Rongsheng Heavy Industries Group.

via Business feed http://www.scmp.com/business/companies/article/1277887/struggling-shipbuilder-china-rongsheng-too-big-fail