I think you'll find china needs the bulk of the iron ore to...

I think you'll find china needs the bulk of the iron ore to build infrastructure..inc factories etc to put all those millions of cheap labour hands to work produceing products for the worlds biggest economy.

If the U.S stops buying, china ends up with a glut of produce(which they could flood the world market with).

Lets also hope that our goverment use some of the future fund and pump back into the companies china's trying to buy into and stop them buying up all our assets.. cause if they don't, when the upturn comes Australia could end up like the Uk in the 70's when Korea bought up all the car industry and force wages down in Merseyside to levels of that of Korea at the time.

Austrailia could easlie become an outpost of China if we're not careful.

Food for thaught

Be very careful out there.