Economics
China Goes Big on Commodities Purchase Amid Shifting Trade War
- Soy imports rise to highest in about a year; coal, crude gain
- Iron sees more signs of supply rebounding as disruptions ease
This article is for subscribers only.
Commodity purchases by China rebounded strongly in July. Imports of soy to coal and crude oil gained, signaling demand in the world’s biggest buyer remains solid even as a trade spat with the U.S. escalates.
The increase comes as the nation’s overall imports shrank less than forecast while export growth rebounded, signaling some recovery in trade before new tariffs threatened by the U.S.