China warns of trade risk in buying iron ore from Iran
China's Ministry of Commerce on Wednesday warned domestic companies to be careful about importing iron ore from Iran due to commercial risks, Reuters reported.
"We have received lots of complaints from domestic companies about fraud regarding iron ore imports, the ministry said in a statement.
Domestic companies should be cautious in selecting business partners when buying iron ore from Iran, and also to use letters of credit to minimise risks, the ministry added.
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