Jinshanqiao Education Group went bankrupt.
"Don't be the Harvard of China, but the Golden Bridge of the world". President Li Zuojun declared that he would build the "aircraft carrier" of Jinshanqiao Education and move towards the international education industry group. However, the blind expansion and illegal operation of Jinshanqiao Education Group have buried many crises. The group declared bankruptcy from June 5438 to February 2005 due to its poor management, and a working group composed of Xuzhou Municipal Government, Jinshanqiao Development Zone Government and Xuzhou Education Bureau entered the development zone to take over. This "super carrier" of private education has not only failed to sail, but has completely sunk under many crises. From 1995 to the establishment of an education group with more than ten branches, Jinshanqiao Education Group went from glory to destruction in a short period of 10.