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China imports huge volumes of ethanol

Traders speculate that the spike could signal Beijing's intentions to ease restrictions on its biofuels market

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China has begun importing ethanol in volumes big enough to stir hopes that it might herald an opening of a major, until now barely accessible, market.

New York

RECENT news from China makes depressing reading for commodities producers, with a slowing economy, tumbling stock prices and a currency devaluation all signalling weaker demand.

There is one exception: the world's second biggest economy has begun importing ethanol in