Skip to content

China’s Relies on Imports for over 56 Percent of Its Oil and Iron Ore

On May 10, 2011, China’s Ministry of Land and Resources issued the “2011 China’s Land and Resources Report.” The report revealed that China relies on imports for over 56 percent of all of the oil and iron ore it uses. The report stated, “In 2011, the total foreign trade in mineral products amounted to US$957.1 billion, which was a 34.3 percent increase over the previous year; imports increased 34.5, while exports increased 33.9 percent.”

Source: People’s Daily, May 10, 2012