Caixin OnlineFinance & EconomicsTop Stories Finance Bank Loan Tricks Stain, Strain Steel Sector
09.07.2012 14:01

Bank Loan Tricks Stain, Strain Steel Sector

Companies that cross-guaranteed loans and over-collateralized stocks are struggling in a weak market
By staff reporter Tian Lin and intern reporter Wu Hongyuran
 
a

(Beijing) – A merchant surnamed Qiao has been wholesaling at the sprawling Lange Baiziwan Steel Market, northern China's largest steel trading center, since 2007.

Before this year, Qiao said, business was booming. Customers typically started queuing at daybreak, and deal-cutting continued until the shop closed at 9 p.m. Delivery trucks for Qiao's and other shops rolled through the trading center well into the night.

We hope you have enjoyed your free articles for the month
REGISTER to get 5 more free articles, or SUBSCRIBE to get full access to Caixin
Already a subscriber? Log in now
COMMENTS (0)
Sign up to receive our free daily newsletter
Latest Issue
On the Cover:

Ammonia in the Haze

Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy


Issue 82
October, 2014

POPULAR GALLERIES

SUBSCRIPTIONS

Caixin-China
Economics & Finance
Latest Issue:
Ammonia in the Haze
Farms and cars are contributing to rising levels of ammonia gas in the country, but the impact on air pollution is still hazy
Issue 82
10.01.2014

Subscribe       |       Newsletter        |        FAQ