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KKR JV Targets China's Growing Distress

by financeasia.com posted 2years ago 5300 views
<p style="line-height: 18.9091px;">Bankruptcy filings are rising as the world&rsquo;s second-largest economy slows and Beijing has become more relaxed about allowing companies to fail as it seeks to reform its financial markets.</p> <p style="line-height: 18.9091px;">However, investors have struggled to navigate China&rsquo;s unpredictable court system, hampered by the lack of transparent resolution processes as bankruptcy law evolves and by interference from local government officials concerned about protecting jobs.</p>