date:May 12, 2014
deposit as a relatively cheaper option.
It is rare for international traders to revert to legal action or arbitration under such circumstances, given the importance of the Chinese market and difficulty of enforcement.
Traders and industry sources said Marubeni's difficulties in China were compounded by it focusing too much on small- and medium- sized buyers, which have had a tougher time coping with stricter lending conditions introduced by Chinese authorities.
This is because they deal with