If you want a reality check on China’s economy, look no further than the copper market. It’s a story that reads more like a spy novel than financial news: A few weeks back, markets buzzed with rumors as Liu Qibing, a well-known metals trader for China’s government, went missing. It happened amid talk someone had taken a huge short position – selling copper futures in a bet prices would fall – and was losing big as the market went the other way. The government at first denied Liu even worked for it.
Technorati Tags: China