As everyone knows, China’s rapid economic growth has caught the world’s attention.
In this high-growth environment, many businesses have achieved tremendous success, allowing inherent problems to go unnoticed. However, problems are beginning to surface as the nation starts to come to terms with situations that are a legacy of the easy credit that was made available by the government to counter the global financial crisis in 2009-2010.
Many believe that the economy as a whole is poised to enter a phase of adjustment. In such circumstances, many companies could benefit from restructuring to help them weather the storm.
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Kan Limin is the head of restructuring, northern region, at KPMG China
