26.08.2015 - The 21 commodities that say China isn't the problem: Russell
One of the reasons advanced for the plunge in commodity prices is concern over the outlook for Chinese demand for raw materials as growth slows in the world's second-largest economy. But these are fears not necessarily in evidence, as can be seen by trawling through the detailed customs data for July. There were at least 21 commodities that showed increases in imports greater than 20 percent in July this year, compared to the same month in 2014. While it's true that many of these commodities are minor, there are some fairly major ones showing strong growth as well, led by crude oil, which saw imports jump 29.3 percent in July from the same month a year earlier...............................................Full Article: Source
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