‘Honest grandma’, 92, repays US$3mil in debt in 10 years after refusing to declare bankruptcy wins ‘most beautiful’ citizen award in China

A factory owner who found herself in financial difficulty is celebrated in China for her commitment to repaying her debts. Despite advice to declare bankruptcy after her business failed, she insisted on repaying the money in full. — SCMP

A nonagenarian in China has been dubbed the “honest grandma” on mainland social media for refusing to declare bankruptcy and insisting on repaying 20.77mil yuan (US$3mil or RM13.15mil) she owed.

Chen Jinying, 92, started a down jacket factory in Lishui, Zhejiang province, eastern China, in 1983 after she retired from a career as a doctor working in mainland hospitals, Jimu News reported.