Fears
of China's Use of Copper for Loans May Be Overblown
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Prices
for the industrial metal dropped to a 3 1/2 -year low in March, after China's
first corporate default in nearly two decades sparked fears that the government
was cracking down on quasi-legal deals that occur on the periphery of its
banking system.Investors' worries about the unwinding of China's copper-fueled
financing deals were probably overblown, some market watchers are
saying.
投资者对中国铜融资的担忧或有些过度
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铜价在今年3月份跌至三年半低点，因此前中国发生了近二十年来的首次企业债券违约事件，该事件引发了投资者对于中国政府正对该国银行体系外的非正规借贷交易进行打击的担忧。一些市场观察人士称，投资者对于中国铜融资交易被解除的担忧可能有些过度。