SPOTD: Unloading Iron Ore in Rizhao

iron ore china dry bulk
Image: Reuters/China Daily

Cranes unload iron ore from a ship at a port in Rizhao, Shandong province February 7, 2015.

China’s exports declined 3.2 percent year on year to 1.23 trillion yuan (200 billion U.S. dollars) in January, customs data showed on Sunday. Imports stood at 860 billion yuan, down 19.7 percent, according to the data, Xinhua News Agency reported.