China State Shipbuilding Corp has secured a big financial fillip with a RMB40bn ($6.5bn) credit line secured by state-run Industrial Bank. The news comes as analysts repeatedly talk of a credit crunch in China.
It adds to the previous RMB260bn that CSSC has taken on in credit facilities during the shipbuilding downturn.
Source: Sino Ship News
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CSSC secures $6.5bn credit facility
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