The Anatomy of a Bankrupt State Firm’s Liquidation

For at least the first half of 2017, the ninth floor of 22 Jinpu Rd, an office tower in downtown Nanning, was turned into a makeshift warehouse. Dozens of desks, office chairs, and cabinets—360 pieces in all—that had been used by staff at what had once been corporate headquarters for one of Guangxi province’s biggest manufacturing companies, had been haphazardly piled upon …

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