[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

[TigerLikesRooster]

Wonderful predictions on China's growth are all predicated on the fact that economic and political situation, both inside and outside China, remain favorable for a long time.

Then we can plot the trend curve and say that China' GDP would surpass country X's by year 2xxx.

This is not likely to happen. We are all heading for really tough economic times, which China also made its share of contribution to, by consuming huge amount of commodities, and jacking up their price.

China should be tested on how well it can survive tough time. Then we can make better prediction on future growth potential of China. So far we have seen its performance under really favorable condition and gave it too much credit than it may deserve.