China leading imports in commodities

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China is the largest economy and a huge importer and exporter of commodities it has always had a huge influence on the commodities market and now with the trade war between the nation and the United States was thought to affect the imports of commodities to the nation.

In some 40 years, China has grown to become the world’s largest buyer of a number of commodities ranging from soybeans to copper making it one of the biggest importers. China’s influence across global commodity markets is without parallel stated Wood Mackenzie, a commodities consultancy. China’s appetite for commodities has grown since the country’s economic reforms in 1978, tracking its rise to become the world’s second-largest economy. Demand for raw materials like copper and steel have been largely driven by the country’s manufacturing and construction boom, as well as by the needs of its 1.4 billion population. China’s massive infrastructure project — the Belt and Road Initiative spanning many resource-rich countries across Europe and Asia — will also promote trade between China and countries such as Ukraine along the route. Some of that trade includes important suppliers of grains, said research house Fitch Solutions. The commodities markets all over the world are now kind of dependent on the Chinese markets.

The commodities import and exports all over the world might be affected due to the nearing recession and a rise in inflation of almost all the nations. China’s rising imports for the commodities are also seen by some as an attempt to hoard commodities as the world conditions deteriorate day by day.

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The winner of the title Mr. Pune 2009, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called ResearchNReports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Market Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and Researchmoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. Research Moz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”