From Ric Battellino overnight:
"A few years ago, a common question was whether the Chinese economy could continue to grow if the US economy slowed. The experience of the past three or four years has, I think, answered that question, and the answer is in the affirmative. China has maintained strong growth in the face of the US recession and the sluggish recovery. The latest batch of Chinese data, which relates to August, suggests that any slowing in the economy has, to date, been modest. This is confirmed by recent data on Australia's shipments of coal and iron ore to China, which have also held firm. So too have the prices of iron ore and coal."
