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China’s bulk commodity market reports growth expansion

Abstract : China's bulk commodity market reported growth expansion in April, industrial data shows.

BEIJING, May 9 (Xinhua) — China’s bulk commodity market reported growth expansion in April, industrial data shows.

The China Bulk Merchandise Index, a gauge of the domestic bulk commodity market’s growth, stood above the boom-or-bust line of 100 percent at 103.3 percent last month, according to the China Federation of Logistics and Purchasing.

The index has risen for four consecutive months, indicating a stable and growing domestic bulk commodity market, said the federation.

In April, the sub-index for bulk commodity supply rose 1.7 percentage points from March to 102.7 percent, and the sub-index for sales stood at 105.5 percent, up 1.9 percentage points from a month earlier.

The sub-index for bulk commodity inventory decreased to 99.1 percent, showing eased inventory pressure. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s bulk commodity market reports growth expansion

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