Posted inChina, Tianjin

FAW Group downplays ‘intentional credits’ from banks

State-owned automotive manufacturer FAW Group says that the one trillion yuan in “intentional credits” granted to them by 16 banks, is in fact, just that — intentional — not actual credits handed to the company,  The Paper reported. According to FAW Group, it does not represent the real capital demand  and does not affect the […]

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