One Trillion Yuan: China State Carmaker FAW Gains Huge Credit Line
1 min readOne 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…