# Laolai

Stuck at the Gate: Why China’s Infrastructure Heroes are Becoming its Outcasts

Private contractors in China are increasingly being blacklisted and labeled as 'deadbeat debtors' due to non-payment by state-owned enterprises and local governments. This systemic debt crisis is causing a sharp decline in project bidding and threatening the long-term viability of China's infrastructure-led economic model.

SoBiz2026年6月4日 03:38

#China Infrastructure#Debt Crisis#SOE

A woman in a fur coat sits alone in a dimly lit theater, surrounded by empty red seats.

Business

The Final Curtain? The Grinding Collapse of China’s Former Cinema King

Huayi Brothers, once China's leading film studio, has been labeled a 'dishonest debtor' for failing to pay a $84,000 debt amidst eight years of consecutive losses. With a debt-to-asset ratio nearing 100% and founders losing control through judicial auctions, the company faces a high risk of delisting.

NeMo2026年5月20日 12:53

#Huayi Brothers#China Cinema#Wang Zhongjun