Reduced palm oil imports by the worlds No 2 buyer of the commodity would drag further on benchmark Bursa Malaysia futures that dropped to a three-month low last week on rising output in key growers Malaysia and Indonesia. Commodities have been commonly used for financing in China, where traders or investors borrow against a product with the aim of investing the money in high-return areas such as real estate. But faced with slowing growth and signs that authorities will not step in every time a loan goes bad, Chinese banks are becoming more hard-nosed and selective about whom they lend to.
Posted on: Thu, 08 May 2014 09:55:08 +0000
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