China's import of commodities is not decreasing although international commodities prices have fallen significantly and China's foreign trade growth has slowed down, said Jiang Daming, minister of China's Ministry of Land and Resources, quoted by the Xinhua-run cnstock.com.
Jiang said during the ongoing China Mining Conference and Expo on Wednesday that China's mining industry still has good development potential as China's economic fundamentals remain solid in the long term. He said that in the first half of 2015, China's oil import rose 3.5 percent on a yearly basis and import of iron ore stayed flat from a year ago.
Jiang also said China is pushing forward new industrialization, informatization and urbanization, developing the Yangtze River Economic Belt and advancing the Belt and Road Initiative at the mean time, which would boost demand for mineral resources.
Latest comments