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Why did Taifu Heavy Equipment go bankrupt?

Taifu reloaded and went bankrupt because the liabilities of Taifu reloading and related enterprises were about 654.38+02 billion yuan. According to the relevant public information: at the end of 20021,Taifu Heavy Equipment suddenly heard the news of bankruptcy liquidation, only to know that Taifu Heavy Equipment and its affiliated enterprises had debts of about 654.38+02 billion yuan and were facing bankruptcy.