China's banks starting to downplay shipping
The Chinese state-owned banks which have in recent years pumped enormous sums into new ships in an effort to help the country's yards, are now starting to feel the consequences.
BY OLE ANDERSEN
China's biggest and state-owned banks, which have in recent years undertaken a massive increase in lending to international carriers as part of efforts to support the country's shipyards, are starting to see the dangers as the scope of bad loans to shipping is piling up.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Is China trying to protect its own shipping industry?
For subscribers
