BEIJING (Reuters) – China’s crude oil imports from Saudi Arabia increased 15% in June from a year ago, as refineries ordered record volumes of fuel in March and April when oil prices fell, solidifying the position of the kingdom as the main supplier of oil to China. FILE PHOTO: An …
Read More »China records first import growth since pandemic, exports also increased
BEIJING (Reuters) – China’s imports in June rose for the first time since the coronavirus crisis paralyzed the economy this year as demand for commodities increased as a result of government stimulus, while exports also increased by a a sign that the recovery is gaining ground. FILE PHOTO: Cranes and …
Read More »China’s exports in June unexpectedly increase as economies rebound, imports rise
BEIJING (Reuters) – China’s exports rose unexpectedly in June when foreign economies reopened after the blockades, while imports grew for the first time this year, reinforcing views that the recovery from the pandemic is winning Land in the second largest economy in the world. FILE PHOTO: Cranes and containers are …
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