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China's top court vows to help companies stay afloat amid coronavirus fallout

May 26, 2020 | 🚀 Fathership
According to Zhou, bankruptcy protection helped 482 companies get back on their feet last year, and 108,000 jobs at those businesses were kept.

There have meanwhile been moves overseas, including by some US politicians, to sue Beijing for compensation over economic losses brought by the coronavirus, which was first reported in central China late last year.

The supreme court delivered verdicts on 34,000 cases last year, an increase of 6.6 per cent from 2018, according to Zhou's report.

The number of corruption trials in 2019 was down by over 10 per cent from a year earlier, to 25,000 cases.

Delivering its annual report on Monday, the Supreme People's Procuratorate said it had prosecuted 11,000 people for crimes related to intellectual property rights last year, up 32.2 per cent from 2018..