Chinese hedge funds bearish on copper a warning to investors

Hong Kong

NOBODY may be more bearish on China copper than Chinese hedge funds.

That should be a warning to investors who've ridden the metal's rebound from a five-year low into a bull market. Gains of as much as 20 per cent since late January haven't convinced the money managers that demand is improving in the world's biggest copper-consuming country, where the economy is growing at the slowest pace in a generation.