Chinese imports might have risen in December, experts

Chinese imports might have risen in December, expertsExperts have indicated that the import of commodities like crude oil, iron ore and soybeans may have risen during the month of December as the world's second largest economy showed signs of recovery.

The country is expected to release trade data for December on Thursday and many believe that the import of several commodities increased as the country recorded growth in manufacturing activity. China is on the path of recovery and prospects of a slowdown in the world's second largest economy are minimized.

The National Bureau of Statistics and China Federation of Logistics and Purchasing said Purchasing Managers' Index was 50.6 in December. Experts say that the growth is mainly due to moderate increase in demand for exports and the effect of stimulus efforts from the Chinese government.

Experts say that the Crude oil deliveries might have risen in the country as the refining capacity increased in the country and the demand for iron ore imports might have increased as the country's steel mills got ready for an increase in demand. Meanwhile, the delayed arrival of soybean imports also increased imports by about a third in December from November in the previous week.