Latest data shows that China’s main ports received 13.8 million tonnes of crude oil, up over 5% on the year, and 55.5 million tonnes of iron ore, up 25% on the year. I think this also backs up the claim that China has been stockpiling necessary commodities rather than buying bonds with their trade-surplus cash.
China’s commodity imports still buoyant
Source: www.forexlive.com
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