2 thoughts on “China has closed down in recent years”

  1. In recent years, there have been many companies that have closed down in my country. According to incomplete statistics, there are at least 1,000 companies that have closed in recent years. Find data source

  2. Pay content for time limit to check for freenAnswer Hello, I have received your question, and you are analyzing the problem for you. If you need to add, you can send it to me, I can give you a detailed answer for you!nAccording to the People's Court announcement network, since January 1, 2020, more than 750 companies have issued bankruptcy announcements. Among them, 249 companies announced bankruptcy from January 25 to February 21, 2020. Among these enterprises, there are 55 in Guangdong, followed by Zhejiang, Jiangsu and Shandong, with 32, 30 and 21 respectively, 17 and 11 in Shanghai and Guangdong, and 12 in Chongqing and Anhui. Among the 100 companies closed from February 9th to 21st, the number of companies with registered capital was less than 5 million and 10 million to 50 million companies, accounting for 30%. Secondly, there are 17 registered capital between 5 million and 10 million, 13 registered capital between 50 million and 100 million, and 10 registered capitals of more than 100 million. Through these 100 companies samples, we found that private enterprises accounted for 92%, and only 8 state -owned enterprises, namely Shanxi Shengxing Dayun Coal Industry Co., Ltd., Guangdong Guangsheng Optoelectronics Technology Co., Ltd., Yi Tuo (Luoyang) Smart Construction Machinery Co., Ltd. Companies, Qinghe State -owned Asset Investment Management Co., Ltd., Fuxin Mining Group Co., Ltd., Guangdong Packaging Company, Guangdong Great Wall Construction Group Property Management Co., Ltd., Shandong Gao Tang Lanshan Group Corporation. From the perspective of the industry, the wholesale retail industry is the first. Representative "killed" companies include Shanghai Edil Industrial Development Co., Ltd., Suzhou Industrial Park Wu Dong Industrial Trade Co., Ltd., Jiangxi Xinji Industrial Co., Ltd., Hangzhou Lezhong Home Furnishing Co., Ltd., etc. A total of 14 real estate and manufacturing companies are represented by Qiaojiayu City Real Estate Development Co., Ltd., Rimingtai Real Estate Development Co., Ltd., Liaoning Haoyu Real Estate Development Co., Ltd. Sexual enterprises include Anhui Jiangwei Precision Manufacturing Co., Ltd., Huatai (Tai'an) Aluminum Products Co., Ltd., etc.nIf the company fails, it shall be compensated to employees in accordance with regulations. Economic compensation shall be paid to the workers according to the standards of working in the unit and a monthly salary of a monthly salary. If it is less than one year for more than six months, it is calculated in one year; if it is less than six months, the economic compensation of the workers pays half a month of salary. The company should give compensation instead of compensation.nArticle 2 of the "Enterprise Bankruptcy Law of the People's Republic of China" cannot claim debts due, and assets are not enough to settle all debts or obviously lack the ability to clear their claims, the debt is cleared in accordance with the provisions of this Law. If the corporate legal person has the preceding paragraph, or it may be obviously losing the ability to settle, it can be reorganized in accordance with the provisions of this Law.nThe company's bankruptcy procedure: First of all, the creditor and the debtor submitted a written application to the people's court with jurisdictions. After receiving the application for bankruptcy cases, the people's court believes that the application matches the statutory conditions, and the bankruptcy liquidation ruling is issued, and then the leader of the people's court is led by the people's court. Establishing a clearing team under the settlement team is responsible for the bankruptcy liquidation of the debtor.nArticle 7 of the 7th debtors of the "People's Republic of China Enterprise Bankruptcy Law" have the case stipulated in Article 2 of this law, and may submit an application for reorganization, reconciliation or bankruptcy liquidation to the people's court. The debtor cannot settle the debt due, and the creditors can apply to the people's court to apply for reorganization or bankruptcy liquidation to the people's court. If the corporate legal person has been dissolved but has not been liquidated, or the assets are not enough to settle the debt, those who have liability responsibility in accordance with the law shall apply to the people's court for bankruptcy liquidation.n4 morenBleak

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