China’s commodities imports accelerated in 2012 in volume terms in spite of slowing growth in the overall economy, with crude oil, iron ore and copper all reporting record high imports for last year.
Data from Chinese customs released yesterday revealed that imports for crude oil rose 6.8 per cent and copper imports grew 14.1 per cent – both rising faster than the previous year.
Iron ore imports were up 8.4 per cent, increasing at a slightly slower pace than in 2011 but still faster than the overall economy.
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