China Economic News

[BlueKelah]

The lower oil price will speed up the market consolidation of China shipyards. Those companies with prudent strategy, has avoided the impact e.g. YZJ...

China's shipyards brace for leaner times as oil slump sours rig building spree

SHANGHAI/SINGAPORE (Jan 19): For China's shipyards, the oil rig market that was supposed to be a blessing is in danger of becoming a curse.

As crude prices slide, oil producers are slashing new project spending.

With a near 40 percent slice of a global market worth tens of billions of dollars, Chinese rig builders that offered juicy financing terms and discounts to leapfrog Asian rivals in recent years are now the most exposed to a slowdown.
...
http://www.theedgemarkets.com/sg/article...ding-spree

I digress but YZJ has a lot of debt on the HTM and should have quite a bit of debt on oil rig side too??

China Stocks Plunge on Margin-Trading Suspensions as Citic Sinks

There is just no way of reigning in a property bubble which has now evolved into a stock bubble.

May be wrong but China likely goinging the way of Japan twenty plus years back. History often repeats itself unfortunately.