For example, China’s bankruptcy law, enacted in 2006, required 12 years to negotiate, as factions within the Congress, the CCP, and the executive branch struggled to balance the interests of workers and creditors. Likewise, China’s property law was debated for years, as conservative forces, with the support of various media outlets, resisted marketization and privatization in defense of older citizens whose livelihoods continued to depend on the “iron rice bowl” of state ownership.