Bankruptcy Comes to China
China’s businessmen have always needed resilience, but now they must become accustomed to the specter of bankruptcy. For China now has a bankruptcy code with teeth, and the country’s courts are beginning to enforce it with rigor.
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BEIJING – China’s businessmen have always needed resilience, but now they must become accustomed to the specter of bankruptcy. For China now has a bankruptcy code with teeth, and the country’s courts are beginning to enforce it with rigor.