A Chinese legal expert is calling for more independence for courts handling commercial bankruptcy cases in a bid to eradicate inefficient state-owned firms and reduce corporate debt. Photo: Reuters

China needs independent bankruptcy courts to kill off ‘zombie’ firms, legal expert says

Local government intervention is preventing proper handling of inefficient, debt-ridden public sector companies, academic says

Topic |   China economy

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A Chinese legal expert is calling for more independence for courts handling commercial bankruptcy cases in a bid to eradicate inefficient state-owned firms and reduce corporate debt. Photo: Reuters
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