China imported a record volumes of oil, natural gas and minerals in July
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China imported a record volumes of oil, natural gas and minerals in July

Beijing : China | Aug 23, 2012 at 8:32 AM PDT
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China bought record volumes of oil, natural gas, coal, copper, aluminum, gold, ferrochrome, chrome ore, platinum, nickel and iron ore in July, 2012.

China has become the engine of the world's economy. China take advantage of the lower commodity and mineral prices and bought record volumes.

China has been the fastest growing economy in the world over almost three decades, expanding at 10 percent average each year.
The world’s fastest-growing major economy is hungry for land, food, minerals, energy, and all other natural resources.

Hundreds of billions of dollars are invested presently by China in natural resources in Africa, Australia, Brazil, Russia, Iraq, Iran, Albania, Afghanistan, Qatar, Europe, Canada, East Asia, and U.S.

China's chrome ore imports surged in July to their highest ever, imports of chrome ore and concentrate totaled 905204 tons.
China imported 57.87 million mt of iron ore in July, up 6% year on year, latest General Administration of Customs of China data.

China's nickel ore imports rose 3.5% month-on-month in July and refined copper imports in July rose 1.7% on month and 30.9% on year to 254,339 metric tons.
China imported 24.27 million mt of coal in July, up 14.2% year on year and platinum imports are up 100% in July compared to July 2011.

China's total natural gas imports in July rose 28.2% year on year, China imported 68 tons of gold from Hong Kong in July, up 172% on the year.
China imported 24.27 million mt of coal in July, up 14.2% year on year, China's crude oil imports in July rose 12.4% year on year.

A plunge in prices in metals, oil, natural gas, mean a huge advantage for China's economy.
China is world's largest consumer and importer of oil, coal, copper, aluminum, gold, ferrochrome, chrome ore, platinum, nickel and iron ore.

China’s economy still has good conditions for development and huge potential.

China’s current financial and monetary reserves are sufficient to safeguard economic growth, also labor market competitiveness will continue to be China’s advantage in global markets.

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Sahit Muja
AlbanianMinerals is based in New York City, New York, United States of America, and is a Reporter for Allvoices.
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