giving up on bbp, going for cfu instead, page-2

Indeed China is stockpiling iron ore.

http://www.nytimes.com/2009/06/11/business/economy/11commodity.html?pagewanted=1&_r=1&hp

".......At least 90 large freighters full of iron ore are idling off Chinese ports, where they face waits of up to two weeks to unload because port storage operations are overflowing, chief executives of shipping companies said in interviews this week.........."