By far the most important factor behind steel's revival, however, is China's booming economy.

ECONOMIST: Steelmakers on a roll, until the next glut | The

Like many of China's impoverished elderly, she is a former farmer, too old to benefit from the booming economy that has swept the younger generation into China's factories, and passed over by a benefit system that is skewed in favor of urbanites.

WSJ: Aging Chinese Face a Bleak Picture

China's inflation is near a 10-year high, driven by its booming economy.

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