Filed in archive Law by Greg Cruey on April 4, 2009

BusinessWeek had a piece this week on how China's business laws are coping with business failures as the recession progresses. In the case of very large companies, China's bankruptcy laws are having some impact and preventing complete chaos from taking hold.

With smaller businesses the story's a little different. Doors close and owners just seem to disappear into the night. The mob takes over for a while. The the police come run the mob off. At least that's what BusinessWeek is saying...

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Permalink: Recession Testing China's Business Laws

Tags: china law bankruptcy business china+business business+laws testing+china

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Response from: testking (07/01/09 10:29pm)

Really interesting one, i much appreciate. Thanks for sharing the information.

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