Saturday, November 17News That Matters

One Trillion Yuan: China State Carmaker FAW Gains Huge Credit Line

One Trillion Yuan: China State Carmaker FAW Gains Huge Credit Line

China’s state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth more than 1 trillion yuan ($144 billion), an eye-catching amount analysts said was mostly symbolic, albeit an important signal of government suppor…

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