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China import less commodities than before measured by volume? [Copy link] 中文

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Post time 2011-5-13 07:33:03 |Display all floors
Capital Economics says: the value of China's imports is still growing rapidly but that reflects higher year-on-year global prices for commodities; the volume data, on the other hand, indicates falls, especially in copper and aluminium.
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Post time 2011-5-13 07:36:18 |Display all floors
This conclusion is from a news report in Guadian.

From Xinhua news report, the price iron ore had soared 35% annually in 2010.

Is this conclusion right?

China was importing less commodities with more money. At last the price of Chinese import is a little higher than last year.
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Post time 2011-5-13 07:47:35 |Display all floors
The major market of Chinese export is U.S. Most prices in contracts are decided in U.S dollar, not RMB.
Chinese currency RMB has appreciated against U.S dollar since 2009.  China would get back less RMB than before after China export the same volume of commodities as before.



The major sources of Chinese import is Austrilia, Saudi Arab.
Supposed the prices are decided in the currencies of local countries. (I don't know if it is right.)
Chinese currency RMB has depreciated against Austrilian dollar. China would would spend more RMB than before after China import the same volume of commodities as before.
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Post time 2011-5-13 08:27:18 |Display all floors
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Post time 2011-5-13 08:45:35 |Display all floors
The original article focuses on the trend of global commodity markets.

hehee.Maybe you are interested in that topic.
(I am interested in the development of Chinese economy.)

And I am wandering if the basic evidence is right?

Originally posted by 468259058 at 2011-5-13 07:36
Capital Economics says: the value of China's imports is still growing rapidly but that reflects higher year-on-year global prices for commodities; the volume data, on the other hand, indicates falls, especially in copper and aluminium.
.

Is it right?

China is importing less raw materials measured by volume (not the total price) than a year ago?

[ Last edited by 468259058 at 2011-5-13 08:50 AM ]
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