You are here

Indebted Chinese companies increase pressures on govt

After having borrowed heavily in good times, they now face cash crunch as China's growth slips to 7%

Hong Kong

SAINTY Marine Corp started small, buying and selling a few ships in the 1980s. But the state-owned Chinese company went on a debt-fuelled binge during the past few years, opening its own shipyards and signing orders worth hundreds of millions of dollars apiece.

Now,

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom