China needs independent bankruptcy courts to kill off ‘zombie’ firms, legal expert says

Local government intervention is preventing proper handling of inefficient, debt-ridden public sector companies, academic says. Beijing should make better use of its bankruptcy law to eradicate state-owned “zombie” companies and non-performing assets, a distinguished Chinese professor said, a move that would serve President Xi Jinping’s efforts to restructure the economy …

Leave a comment

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.