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Yilufa confirms financial problems, says ‘it’s not only us’

Yilufa export manager emphasizes the companies' financial woes are not the result of internal issues but rather the symptom of widespread industry problems in China stemming bank lending cut-backs and European buying limitations

By Jeanine Stewart | Nov. 11, 2014 09:36 GMT
Yilufa confirms financial problems, says ‘it’s not only us’
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QINGDAO, China -- In response to rumors of crisis talks with banks for China-based processor Qingdao Yilufa Group Co, one of the company’s export managers emphasized to Undercurrent News “it’s not only us” [...]

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