China Sets New Records for Gobbling Up the World’s Commodities
- China’s 2017 imports of oil to iron ore and soybeans increase
- Demand likely to keep up steam as economic growth persists
BlackRock's Hambro Sees Commodities Bull Run in 2018
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China continues to gobble up the world’s commodities, setting new records for consumption of everything from crude oil to soybeans.
In a year of flux marked by industrial capacity cuts, environmental curbs and financial deleveraging, demand for raw materials has continued to grow in the world’s biggest consumer, helping drive a second annual gain in global commodity returns.