After port fraud, China's vast warehouse sector under scrutiny

``Shaken by a fraud investigation into metal financing in the world's seventh-busiest port, banks and trading houses have been made painfully aware of the risks they face storing commodities in China's sprawling warehouse sector.'' -- What is laughable about this is the part where metal is being shifted to the LME -- as if that is safer (ignoring precious metals, didn't the LME just default in nickel a few years ago???)