Deeply integrated into the lives of coastal Chinese and their descendants, belief in and commemoration of Mazu is an important cultural bond that promotes family harmony, social concord, and the social identity of these communities.

UNESCO: Culture

If things go well for U.S. Steel, the long equity position likely offsets whatever loss you would take on the CDS. U.S. Steel is far from immune to the price impact of Chinese demand, he says, and as a vertically integrated steelmaker it has exposure all along the process from iron ore to finished products.

FORBES: Blue Mountain's Andrew Feldstein: Three Ways To Play A More Volatile Steel Industry

As China becomes more integrated, it will become richer, and this is good for the Chinese and good for the rest of the world.

FORBES: Prof. Edward C. Prescott On China