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Next China: End of Empire

It can be tough being a tycoon in China.

Take He Jinbi, who built a trading house that handles one out of four tons of copper brought into China. His empire is in danger of coming undone due to a liquidity crisis. Some domestic traders have suspended new deals, while one of the company’s longest-standing lenders was worried enough that it moved some copper out of China — and out of He’s reach.