No sign of fatigue: China muscles into world metals markets

Article Abstract:

The demand for raw materials fueled by rapid industrialization in southern China has made China a leading importer of nonferrous metals, particularly copper. Official figures are unavailable, but analysis of data from Chinese metals traders in Hongkong and copper production surpluses in industrialized markets lead to an approximation of 200,000 tons of copper imports for 1991. The same trend was seen from import volumes in Jan and Feb 1992, and analysts think that Chinese buying will keep the price of copper stable at US$2,000 a ton.

International trade, Nonferrous metals, Nonferrous metal industry, Nonferrous metal industries

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Liquidation of the liquidators may be on the cards

Article Abstract:

China, to help eliminate $500 billion bad bank loans that its banks have accumulated over the years, has appointed four asset-management companies (AMCs) to auction the bad loans to foreign investors. The inability of the AMCs to auction the bad loans successfully has concerned China.

China, Commercial Banks, Financial management, Contracts & orders received, Contracts & orders let, Banking industry, Economic aspects, Finance, Contracts, Contract agreement, Company financing

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