China’s ‘Copper King’ Barred From Nonessential Spending

Chinese billionaire copper tycoon Wang Wenyin and his company Amer International Group Ltd. were barred from high-end spending because of several contract disputes.

A court in Zaozhuang city, Shandong province, last week issued an order banning Amer and its chairman and legal representative Wang from nonessential spending beyond daily life and work necessities, according to a court order database.