The Traderszone Network

Published in TZ Latest News 23 June, 2014 by The TZ Newswire Staff

China’s Port-Ponzi-Probe Spreads To Entire Warehousing Sector

“The banks still haven’t looked under the hood,” warns one executive as the probe at Qingdao port (centering around the duplication of warehouse certificates in order to use a metal cargo multiple times to raise financing) begins to spread to the entire Chinese warehousing sector.

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