The bankruptcy of several large global financial institutions increased the costs of short-term borrowing. Many money market liquidity to tighten. As a result of the bank are more worried about bankruptcy, so it is also difficult to rely on credit transactions to achieve the kind of goods trade.

Some traders said the major suppliers demand that China improve the three-month bank letters of credit interest rates, and refused to come from a small Chinese bank letters of credit. They will be the first choice of cash deposited into the seller's bank account wire transfer payment.

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