China’s bulk commodity growth eases in July
China’s bulk commodity market saw slower growth in July compared with the previous month, industrial data showed.
The China Bulk Merchandise Index, a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 percent at 101.3 percent last month, down 0.2 percentage points from that in June, according to the China Federation of Logistics and Purchasing (CFLP).
The sub-indices for bulk commodity supply and stocks continued to rise, while the sub-index for sales posted a consecutive decline.
In August, the effect of China’s pro-growth policies such as increasing infrastructure investment, accelerating the issuance of special-purpose bonds and supporting the real-estate sector will further emerge, boding well for the bulk commodity market, said the CFLP.