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China spends January stocking up on copper, crude oil and iron ore

By Du Juan | China Daily | Updated: 2014-02-14 07:18

Data also show value of imports and exports rises by about 10%

Driven by economic growth and a need to restock, China's imports for crude oil and key commodities surged to a record high in the first month of the year.

Imports of crude oil, iron ore and copper are often evaluated as a sign of China's economic strength, but a weeklong Lunar New Year holiday, which began on Jan 31, can affect the market to certain extent when manufacturers increase their inventories for production during the holiday.

China spends January stocking up on copper, crude oil and iron ore

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