China trade finance delays will continue
The Qingdao Port investigation will drag into mid-way next year, according to a China trade services expert, treasurers can expect pre-shipment finance to be “virtually impossible”.
When news of double and triple pledging metals as collateral for loans in China’s warehouses broke late last July, trade finance availability seized up in the country. But there's an end in sight to the lengthy investigation that may provide some respite for trade finance seeking treasurers.
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