Chinese Diplomat Discusses Lending to Shipping Industry

China' s U.K. Ambassador discusses lending to shipping industry at London meeting

The following comments were made by Liu Xiaoming at a conference in London today, according to Bloomberg.

China needs to learn from other countries that offer ship finance in areas including risk control and credit management, Liu said.

"Chinese banks have adequate funds to provide support for foreign owners who want to build ships in China, given the large number of ships built in China every year.