The auto demand is very strong and there is a waiting list for some imported cars. The gas price is as high as those in U.S. There is not much financing going on for auto purchasing and most people pay cash for their cars. The strong demand in auto, real estate and high speed train has pushed up steel demand and the iron ore price will sure ignite inflation.
The tightening in China will have a profound impact on global economy, probably more so than the Fed.
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