unionhall - The main flooding is Oriental Mindoro, Mindoro occupies the eastern side of the island of Mindoro. It has an extremely rich marine life with startling coral life, wrecks, drop offs and drift diving. It'll hit the tourism...which relies on the Xmas & new year tourists..
Concerning fundamentals on commodities...looking good. Puts the UK's projected growth rates to shame...
Chinese growth to top 9% in 2005
The Organisation for Economic Cooperation and Development (OECD) said last month that domestic demand would improve between 2006 and 2007 and that China would increase its share of global trade.
The OECD expects the Chinese economy to grow by 9.3% in 2005, rising to 9.4% next year and 9.5% in 2007.