Analysis on the bankruptcy reasons of Xinjiang Weitai Group

Market competition and management issues.

1. Market competition: In the market competition, enterprises should constantly optimize their products, services and price strategies to attract customers. Xinjiang Weitai Group can't provide competitive products and services in the competition, which leads to the loss of customers and the decline of corporate income, and finally leads to bankruptcy.

2. Management issues: the decision of enterprise management has a key impact on the operation and development of enterprises. Xinjiang Weitai Group made mistakes in decision-making, investment and market strategy, which led to heavy losses and eventually went bankrupt.