Massive Wave of Corporate Deregistrations Hits China: Hundreds Dissolve Within Mere 3 Days скачать в хорошем качестве

Massive Wave of Corporate Deregistrations Hits China: Hundreds Dissolve Within Mere 3 Days

Corporate bankruptcies and closures have been rampant among private enterprises in China since 2023. The bosses are burdened with debts, and the remaining companies barely survive under various economic pressures. Recently, China's decision to implement amendments to the Company Law from July 1 this year, requiring the actual payment of registered capital within five years, has led to an unprecedented wave of company deregistrations. Within just three days, hundreds of companies applied for deregistration. Many reduced their registered capital, with some companies decreasing it from 300 million yuan to 35 million yuan. Industry insiders revealed that in Shenzhen alone, there have been over 40,000 companies reducing their capital, some to as low as 10,000 yuan. #chinaobserver All rights reserved.