It seems the strong growth of China's industrial sector has been immune to recent swings in world commodity markets, in part fed by the trade dispute between China and the United States. Chen Tong has the story.

After rising continuously since February, futures prices of crude oil in New York fell significantly at the end of May but then started to pick up again last week on speculation the United States is pushing allies to cut oil imports from Iran. Crude oil is far from the only commodity newly subject to price turbulance. The uncertainties of global politics and the intensifying trade conflicts between China and the United States have also shaken the prices of gold and some ferrous metals. Despite it all, however, China's industrial sector seems to be serenely carrying on. 

LIU XUEZHI, SENIOR ANALYST, BANK OF COMMUNICATIONS "Some upgrading industries or high-end equipment and new technology industries may be affected by the trade conflicts. But domestic policies that supporting those industries are giving the companies strong backing. Since the beginning of the year value-added data for industrial sectors, especially high-end technology companies, has still been growing significantly."

During the past weeks, futures prices for some industrial goods including re bar, copper, hard coke and coking coal have seen steady declines. Experts believe that trend won't last long, however, as the demand for these raw materials is steadily increasing.

SUN YONGGANG, DEPARTMENT MANAGER, CHAOS TERNARY FUTURES "You need to keep in mind the relationship between supply and demand for those industrial products. Since last year, the global economy has been recovering and the demand for industrial products from countries including China has been increasing too. So it's very unlikely we will see significant declines in the prices for these commodities."

Despite the short-term price declines recently, commodity prices still saw year-on-year increases in May. Data from the China Logistics Information Center show that commodity prices grew by some 7 percent year-on-year from January to May.