DALIAN, China -- China is introducing a nationwide personal bankruptcy system to allow entrepreneurs whose businesses fail to liquidate their personal debts, creating an environment where they can get back on their feet more easily.
Startups
China eyes national personal bankruptcy system to bolster entrepreneurs
Beijing looks to make it easier to start businesses in emerging fields
China's bankruptcy laws protect only companies, sometimes leaving their owners with huge debts. (Photo by Yusuke Hinata)
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