Wall Street Journal Quotes William Rosoff on China Credit to Peugeot

Akin Gump Beijing partner in charge William Rosoff was quoted by The Wall Street Journal for its article “Peugeot Secures New Loan From Chinese Bank,” on a new credit line available to PSA Peugeot Citroën through its Chinese partner Dongfeng Motor Group Co.  The Journal reports that state-owned Dongfeng would supply €800 million in new credit as part of a €3 billion credit increase.

Rosoff noted, regarding China’s focus on the automobile sector, “If the partnership with Peugeot is seen as something that supports a government policy, it's possible policy banks might step in to provide funding.”