The number of bankruptcies in China continues to increase steadily as Beijing pushes on initiatives to shut down zombie enterprises. More private enterprises were forced to file bankruptcy as liquidity conditions tightened and operating environment became more challenging. During the first half, the number of accepted bankruptcy cases stood at 6,392 in China. The number of bankruptcy cases that have completed the bankruptcy legal process was 3,311. These compare to 10,195 accepted bankruptcies and 5,712 completed cases in 2017, according …

Bankruptcies In China Continue To Increase Steadily In 2018 appeared first on China Money Network.