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Chinese authorities are investigating suspicious commodity trades

Bloomberg has the report saying Chinese authorities are accelerating a crackdown on some commodities transactions they view as offering little economic benefit:have escalated probes into trades they suspect are being used to obtain cheap financing or government subsidies rather than serving the real economyChina’s State-Owned Asset Supervision and Administration Commission warned in April that it will investigate trade financing used to inflate sales or those deals serving as collateral to acces... Read More

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Chinese

Authorities

Investigating

Suspicious

Commodity

Trades

Forex

Posted: Aug 3 2023, 00:37

Author Name: forexlive

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