China imports plummet on weak commodities prices

China is the world's leading trader in goods but its slowing economic growth has seen prices plunge for the commodities it usesChinese imports plunged by more than a fifth last month, official figures showed Tuesday, as slowing growth in the world’s second-largest economy wreaks havoc on global commodities prices and the country’s own customers. September imports sank 20.4 percent to $145.2 billion in dollar terms, Customs said — worse than forecast in a survey of economists by Bloomberg News. Purchases of several bulk commodities “exhibited an increase in volume and a fall in price”, Customs department spokesman Huang Songping told reporters, citing oil, coal and copper costs among the biggest losers.

Share this article