Wall Street Journal, Feb 5, 2013

choi

(1) Dinny McMahon and Colum Murphy, Chinese Firms Shrug at Debt.
http://online.wsj.com/article/SB ... 61512731784952.html

Note:
(a) CHEN Qiang, chief executive of China Rongsheng Heavy Industries Group Holdings Ltd
陈 强 / 中国熔盛重工集团控股有限公司 (a private company based in Shanghai and Hong Kong) 总裁
(b) The report says,

"The municipal government of Rugao—where Rongsheng's shipyard is based—and the Bank of China Ltd and China Development Bank, the company's two biggest lenders, didn't respond to requests for comment. * * * Two and a half hours drive north of Shanghai near the port of Rugao, Rongsheng's main production facility sprawls along 2.3 miles of coastline. It was set up in 2005 by Mr Chen and then-chairman Zhang Zhirong 張志熔 [co-founder]."

* Rugao 江蘇省南通市 如皋市
(c) As an aside, the report also states, "Shipping behemoth China Cosco Holdings Co, which posted a big loss in 2011 and expected to do the same for 2012, raised $1 billion in November by issuing bonds to overseas investors after state-run Bank of China Ltd. agreed to guarantee the debt."