Wall Street Journal Quotes William Rosoff on China Credit to Peugeot
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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.”
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