China tax compliance push tightens invoice quotas, slows copper cargo flow

China’s recent tightening of tax compliance regulations targeting the “invoice-driven economy” has restricted spot trading activities for copper cathode and scrap amid inadequate invoice quotas, said multiple China-based market sources, including traders and analysts, in the week ended April 30. However, the development is not expected to have a significant impact on the full-year supply-demandChina’s recent tightening of tax compliance regulations targeting the “invoice-driven economy” has restricted spot trading activities for copper cathode and scrap amid inadequate invoice quotas, said multiple China-based market sources, including traders and analysts, in the week ended April 30. However, the development is not expected to have a significant impact on the full-year supply-demandRead More