as china increased their interest rates the crude oil price falls this is the simple indicator that upto what extent china is going to influence the world scenario...........
this is also shown that its time of yuan now dollar is past.............
just because of this increase in the interest rate the demand of crude oil will fall because in present china is the largest consumer of crude oil it recently over take US
and increased interest rate will cut money from the economy and it will be costlier to take money from banks and ultimately the demand will fell down...........
this is the time of power shifting from west to east.... economic power shifting............
