Trapped in debt, with no way back: China weighs personal bankruptcy reform

Trapped in debt, with no way back: China weighs personal bankruptcy reform

The Straits Times - Business·2026-03-20 17:01

BEIJING – On a breezy autumn evening in Beijing, Mr Gu An stepped out of a restaurant after splurging on dinner to impress a potential business partner.

A woman across the street recognised him and yelled: “Gu An, owe money, pay money!”

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