China’s Shanxi province asks banks to extend 400B yuan in loans owed by coal miners

摘要

China’s Shanxi province has requested banks to extend the maturity on uprnto 400 billion Chinese yuan in debt owed by seven of its largest coal miners,rnLondon’s Financial Times wrote Aug. 8.rnThe move points to the severity of the souring debt crisis in the country’srncoal sector, as this was the first time a local regulator approached banks overrnconcessions for loans to a select group of companies.