Tribunal to handle 'zombie companies'

Guangdong sets up bankruptcy court to hear high number of expected cases

A provincial tribunal for bankruptcy cases was unveiled in the Guangdong High People's Court in Guangzhou on Monday, in a move to handle disputes brought on by "zombie companies" and to accelerate local economic development.

It is the first tribunal established within a provincial high people's court, as Chinese courts give bankruptcy cases greater attention, according to Tan Ling, vice-president of the Guangdong court.