China’s manufacturers, the world’s largest copper consumers, may increase imports by as much as 60 percent after a price slump, trader Bayin Resources Co. said.
Imports of refined copper may jump to between 100,000 metric tons and 120,000 tons a month, Frank Zhou, deputy manager of Bayin’s copper division, said today in an interview from Shanghai. [...]
China’s auto imports grew rapidly in the first half, as world auto giants turned to the Chinese market after the U.S. economic slump and rocketing oil prices drove sales down on U.S. and European markets, the General Administration of Customs said on Tuesday.
Domestic demand for vehicles with large-engine capacities also strengthened as many people bought [...]
China’s auto exports amounted to 361,000 units in the first half this year, a year-on-year rise of 58.5%, but the growth rate was 17.1 percentage points lower than the year-earlier level, according to the statistics the General Administration of Customs released today.
The decline in the auto exports growth was mainly due to the U.S. credit [...]
China should import more coal to help ease tight supplies that have triggered power shortages in many parts of the country, the General Administration of Customs said.
High international coal prices have suppressed China’s imports of the hydrocarbon, further tightening the country’s coal supply, customs said in a report on its website.
Tags: coal, imports
China’s trade surplus was 123.72 bln usd in the first seven months, the General Administration of Customs said, confirming a report from the Xinhua news agency released a few minutes before the official announcement.
Customs also confirmed that the trade surplus was 25.28 bln usd in July, up from 21.35 bln usd in June.
The trade surplus [...]
China’s reliance on foreign trade had exceeded 60 percent, which made the country more sensitive to price changes on international markets and caused the ensuing external-driven inflation in the nation, sources with the National Bureau of Statistics (NBS) said on Tuesday.
The country’s inflationary pressure was mainly driven by price rises for crude oil, grain and [...]
