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Impact of International Commodity Price Fluctuations on China's Import Growth Rate Highlighted by General Administration of Customs
2 day ago /
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Author：小编
Lu Daliang, spokesperson for the General Administration of Customs, emphasized that the growth rate of imports in the first half of this year was significantly influenced by multiple factors, including the unpredictability of international trade policies and the decline in commodity prices. With commodities comprising roughly 30% of China's total imports, variations in their prices have a considerable bearing on import growth rates. Notably, during the first six months of the year, the average import prices of key commodities such as crude oil, iron ore, and soybeans dropped by over 10% compared to the previous year, contributing to a 2.7 percentage point decrease in the overall import growth rate.
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