China Embraces Bankruptcy, U.S.-Style, to Cushion a Slowing Economy

The 21-building Yihefang apartment-and-shopping complex in Xi’an, China, sat unfinished for years until its developer entered bankruptcy proceedings. Zhou Wei/The Wall Street Journal Beijing rapidly grows a court system to tackle corporate debt that was once—in the interest of stability—swallowed by banks The 21-building Yihefang apartment-and-shopping complex in Xi’an, China, sat unfinished for years until…

China Embraces Bankruptcy, U.S.-Style, to Cushion a Slowing Economy

China Embraces Bankruptcy, U.S.-Style, to Cushion a Slowing Economy


The 21-building Yihefang apartment-and-shopping complex in Xi’an, China, sat unfinished for years until its developer entered bankruptcy proceedings.
Zhou Wei/The Wall Street Journal

Beijing rapidly grows a court system to tackle corporate debt that was once—in the interest of stability—swallowed by banks


The 21-building Yihefang apartment-and-shopping complex in Xi’an, China, sat unfinished for years until its developer entered bankruptcy proceedings.
Zhou Wei/The Wall Street Journal

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