China's socio-economic, political, and legal environment -- Debt finance and enforcement in China -- Bankruptcy law in China -- Limited use of the Enterprise Bankruptcy Law 2006 and its causes -- The first constraint : creditors and debtors feel insufficiently protected under the EBL -- The second constraint : reduced recoveries under the EBL -- The third constraint : limitations and biases of EBL enforcers -- The fourth constraint : non-EBL debt enforcement mechanisms -- Desirability of reforming bankruptcy law in China -- Options for reform -- Recent reform initiatives 2015-20 -- The role of foreign parties in corporate bankruptcy cases in China.