BCR Advisory

China bankruptcies rise steadily in 2017 amid ‘zombie firm’ crackdown

This article was sourced from Reuters.  SHANGHAI, Aug 3 (Reuters) – Chinese courts handled more than 4,700 bankruptcy cases in the first seven months of 2017, up “steadily” on the same period of 2016 as Beijing stepped up its campaign against ‘zombie firms’, a senior official with the judiciary said on Thursday. “The difficulties of […]