Seeking Alpha

Beijing's talking a tough line about reforming China's (over) investment-led growth model, but...

Beijing's talking a tough line about reforming China's (over) investment-led growth model, but the impending failure of the country's largest shipbuilder -Rongsheng Heavy Industries, well-connected and employing 20K - will likely cause policymakers to blink. Talk about a miss - the company had sales of $55.6M last year against a target of $1.8B. The annual report shows short-term borrowings 8x greater than cash on hand.
From other sites
Comments (2)
  • 497
    , contributor
    Comment (1) | Send Message
     
    What effect do you think this will have on the Emerging Markets and Japan?
    8 Jul 2013, 08:32 PM Reply Like
  • route246
    , contributor
    Comments (12) | Send Message
     
    $55.6M? How much does a ship cost? Did they sell any?
    8 Jul 2013, 09:06 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs