China – Maike Metals founder, He Jinbi ("Chinese Copper Tycoon") taken away by police

<p>ICYMI, news overnight of another executive apprehended by the Chinese police state.</p><p>He Jinbi founded and built Maike Metals. Maike Metals was China's biggest importer of refined copper before a liquidity crisis almost sank the firm last year.</p><p>Colleagues have been informed that he was taken away by police for interviews.</p><p>Maike and He have been the focus of legal action by creditors since the company ran into difficulties.</p><p>-</p><p>There is speculation his being taken is part of Chinese Communist Party Chairman Xi's war on billionaires and anyone who questions his iron first rule. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.