Industry News

Tech, iron ore help drive surprise Chinese import jump

Views : 298
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.


 
Related News
Read More >>
Aluminium sliding that looks like wood? Westlake Royal unveils new designs & colours for its Cedar Renditions™ range Aluminium sliding that looks like wood? Westlake Royal unveils new designs & colours for its Cedar Renditions™ range
Mar .06.2025
Aluminium sliding that looks like wood? Westlake Royal unveils new designs & colours for its Cedar Renditions™ range
Aluminium prices diverge as LME gains, SHFE declines amid rising inventories Aluminium prices diverge as LME gains, SHFE declines amid rising inventories
Mar .06.2025
Aluminium prices diverge as LME gains, SHFE declines amid rising inventories
Aluminium giant seeks 14% premium hike in Q2, a surging trend set owing to trade and supply concerns Aluminium giant seeks 14% premium hike in Q2, a surging trend set owing to trade and supply concerns
Mar .06.2025
Aluminium giant seeks 14% premium hike in Q2, a surging trend set owing to trade and supply concerns
Tariffs on Mexico finalised, SHFE aluminium weakens due to alumina drag Tariffs on Mexico finalised, SHFE aluminium weakens due to alumina drag
Mar .06.2025
Tariffs on Mexico finalised, SHFE aluminium weakens due to alumina drag