China in October dramatically increased imports of fossil fuels, industrial metals and agricultural commodities, a run on raw materials that if sustained will have a major impact on prices and supply chains.
China continued to increase its ferocious energy consumption, hiking imports of natural gas 120.1% year-on-year to 8.8 million tons, coal 23.3% to 36…
The world’s biggest exporter reported another month of dismal trade figures for June. Chinese exports declined 13% year-on-year in the month to $285.3 billion, and imports fell 6.9% to $214.7 billion.
The decline was driven by a massive drop in consumer spending in the U.S. and Europe, caused by inflation, fallout from the Covid-19 pandemic, and…
