Reported 1 day ago
The troubling case of Dalian Chuming Meat Processing highlights the risks foreign investors face in China's opaque bankruptcy system. After the company was placed in liquidation in 2021, suspicions arose when it continued operations without shareholder consent. This situation underscores the lack of enforcement of insolvency laws, leaving creditors vulnerable and questioning the integrity of bankruptcy proceedings amid China's economic downturn.
Source: YAHOO