The insolvency restructuring market in China is undergoing significant transformations in terms of legislation, judicial practice and law enforcement.
The momentum of these changes accelerated notably in 2022, propelled by a combination of factors, including:
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The persistent macroeconomic environment;
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Chinas pandemic prevention and control policies; and
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The governments heightened emphasis on optimising the business environment.
As China faces a mounting debt crisis in key sectors such as real estate and household consumption, policymakers have recognised the imperative to revise and enhance the countrys bankruptcy regime. This response is aimed at addressing the pressing needs of the entire economy and society.
The authors believe…
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