Tech, iron ore help drive surprise Chinese import jump
Views : 308
Update time : 2020-10-13 16:19:05
China's imports surged in September, defying expectations, official data showed Tuesday, while exports rose for a fourth straight month as shops further opened up after virus lockdowns.
Shipments into the world's second-largest economy spiked 13.2 per cent last month, smashing forecasts of a 0.4 per cent increase as companies and consumers dipped into their pockets following months of coronavirus uncertainty and geopolitical tension...
Corporate buying of tech products before US restrictions hit was likely a key driver behind the "extremely strong imports", said Stephen Innes, chief global markets strategist at AxiCorp.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
