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Asia Sentinel
China's COSCO Stiffs its Customers

China's COSCO Stiffs its Customers

Our Correspondent
Aug 25, 2011
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Asia Sentinel
Asia Sentinel
China's COSCO Stiffs its Customers
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China has been needling the US over its government debt and the boss of its state-controlled rating agency Dagong, even accused Washington of default by encouraging devaluation against the Chinese yuan. But meanwhile one of the biggest Chinese-owned enterprises is reneging on contracts, so far with impunity.

Unpaid charter fees owed by the state-owned Ch…

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