Manufacturing News

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.

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