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China's bulk commodity market reports growth expansion

China s bulk commodity market reports growth expansion
Xinhua |
Updated: 2021-05-09 15:33
A bird s-eye view of the Tianjin Port on Aug 14, 2019. [Photo/Xinhua]
BEIJING 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. ....

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