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China’s ‘Invoice Economy’ Crackdown Leaves Copper Trade Reeling
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China’s ‘Invoice Economy’ Crackdown Leaves Copper Trade Reeling

Bloomberg Markets · May 12, 2026, 8:55 AM · Also reported by 2 other sources

At Asia’s biggest metal industry gathering last week, a single word dominated almost every conversation — fapiao, China’s humble tax receipt.

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