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.
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