New court tribunals speed up processing of bankruptcies

China has made progress in fighting so-called zombie companies and in handling bankruptcy disputes over the past few years, especially since an online platform was launched and more specialized tribunals were added, according to the country's top court.

Zombie companies are those that are heavily in debt or that rely on bailouts to survive.

The platform, set up by the Supreme People's Court in August last year, is used to collect information about such companies across the country, offer legal guidance for enterprises and help judges deal with disputes brought by bankruptcy.