[TigerLikesRooster]

In the near-term, this could serve as an useful propaganda material: Anglo-Saxon cabals out to get China.

In the long-term, this is a big problem, though. Their resource-heavy industry cannot be changed overnight. Days of churning out cheap products banking on commodity price staying low is over.

[bruinbirdman]

"Analysts said most of Rio’s iron ore contracts would expire on June 30. However, some BHP contracts do not expire until September"

Many have predicted dire problems for Red China "after the Olympics." More to come for the Commies?

And they just raised petrol prices.

yitbos