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While Chinese banks are cautious about publicizing debt relief policies, they have begun providing some loan extensions and interest rate reductions on a case-by-case basis. However, the absence of a formal bankruptcy law or transparent debt restructuring policies leaves individuals vulnerable and without legitimate options for debt resolution.
Technological Control Measures
Another pressing issue is the Chinese government's efforts to consolidate control over critical technologies in light of rising trade tensions with Western nations. Recent measures have restricted movement for essential personnel and equipment, particularly in key industries like battery production and critical mineral processing.