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You are here: Home → Archive → 2009 → August → Weekly Edition 6th of August 2009 → Banks shunning smaller Chinese shipbuilders

Banks shunning smaller Chinese shipbuilders

by Hui Ching-hoo, Hong Kong — last modified Aug 06, 2009 03:56 PM

CHINESE banks remain cautious of financing the country’s small to medium-sized shipbuilders over fears of high default risks.

The Chinese government has urged local banks to provide financial support to the ailing yards and their customers but, so far, only the largest shipbuilders have received support.
This is despite the unveiling of a shipbuilding stimulus package in...

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