The PBOC has apparently put the screws to a scheme where firms purchased copper to use as...

|By:, SA News Editor

The PBOC has apparently put the screws to a scheme where firms purchased copper to use as collateral for below-market financing. This may explain the downturn in demand (and price) for copper. Michael Pettis says companies are already busy figuring the next way to "innovate" around credit growth tightening measures.