Thursday, January 14, 2016

Chinese imports near record levels in December. What does this mean?

The FT reported this morning that Chinese imports of oil and copper were both up 9.3% (is this some sort of luck number?) in December. Iron ore was up 11% and soybeans rose 23%. Overall imports were "near record levels." For the year as a whole, oil imports were up 9%.

http://www.ft.com/intl/cms/s/0/9b685f82-b9d8-11e5-bf7e-8a339b6f2164.html#axzz3xEevmhh8

Interesting, n'est-ce pas? But what does it signify?

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