You are all rich people or descendant of China of course you feel for China. How about the China bully tactics towards our fellow fisherman in South China Sea? Are you aware of it? or you just plan ignorant because your perception is that China is helping the world. Come on!! If I am Taiwanese I would NOT want to unite with China.. I don't favour the hypocrisy of US either. Rich are always keen to impose their thoughts on others.
Price of iron and steel has dropped significantly and will continue to drop as demand in China is slow at the moment. Some companies have high inventories due to forward buying when the price were rising (purchases were made around March-April) in anticipation of higher price of steel in months to come - this never materialize of course. Some are currently off loading it at a loss. It also impacted some building material companies. We will see the impact in next quarter reporting.