A look at the murky world of debt collection in China, where strong-arm tactics and often violent threats have created a stigma that will not easily fade.
Debt collection is the latest industry to face scrutiny from Beijing, as the authorities tighten up oversight of the country’s financial sector.
On May 25 Hunan Yongxiong Asset Management, one of China’s largest debt collection agencies, announced it was suspending its operations. In a WeChat post laden with emotional language, the company described a series of police raids at its offices across Hunan since early April, that resulted in 179 employees being detained or subject to oth
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Walmart should be in trouble in China, where its competitors are in retreat and its sourcing operations have been criticised by both Beijing and Washington. But the American retailer seems to have found a way forward in a difficult sector and remains one of the biggest benefactors of China-U.S. trade.
The Commerce Department wants to expand export controls to majority-owned subsidiaries of Chinese companies. That could trigger cascading effects — and challenges.
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