Guangzhou: Heavy loss making Cosco has been shown up as among the top ten companies in the country to have received subsidies in China last year, according to a report from the southern Chinese newspaper, Gushi Kuaibao.
Cosco received around RMB1bn last year, the sixth highest handout in the country. Nevertheless, it still chalked up massive losses of RMB9.56bn ($1.54bn) in 2012. [29/04/13]
