19 January 2019

Zhanjiang court aids debt recovery on govt agencies, Xinhua says

The intermediate people’s court of Zhanjiang in the southern Guangdong province has processed 757 debt-related cases involving government agencies as of end-December, and helped recover 1.73 billion yuan (US$282.7 million), Xinhua news agency reported Thursday, citing the court. Most of the cases were related to borrowings by government agencies in the 1980s and 1990s for spending on infrastructure construction and office buildings, according to the report.

– Contact HKEJ at [email protected]



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