RIO DE JANEIRO, BRAZIL - China's imports increased 28.1% in July, below the 31.7% figure expected by economists.
On Monday, August 9, this news caused considerable volatility in the commodities market, as China is the world's largest buyer of these products. Iron ore fell 4%, while crude oil retreated 3% at 3:26 PM (Brasília time).
According to Insper professor Roberto Dumas, it is important to understand that a commodities supercycle is not the same as an appreciation of all these products simultaneously or to the same extent.
Understanding China's post-pandemic economic recovery is . . .