China's bulk commodity market growth slows in July

BEIJING -- China's bulk commodity market saw slower growth in July compared with June, industrial data showed.

The China Bulk Merchandise Index, a gauge of domestic bulk commodity market growth, stood above the boom-or-bust line of 100 percent at 104.8 percent in July, down 0.4 percentage points compared with June, according to the China Federation of Logistics and Purchasing.

The index has registered a month-on-month decline for two consecutive months.

The sub-index for bulk commodity supply climbed faster for the third consecutive month in July, indicating rising supply.

The sub-index for bulk commodity sales saw slower expansion for the second consecutive month in July.