The influence of international inflation to China is mainly conducted by the prices of petroleum, grain oil and iron ore, explained the National Bureau of Statistics of China. China is the second largest consumer of petroleum all over the world, and its dependence is nearly 50%. Therefore the sharp rising of global crude oil price has shocked China??s economy. China imports over half of its consuming iron ores, and 70% of iron ores in the world are under the control of some western countries. Consequently the import price of iron ore for China is continuously rising, by 71.5% in 2005, 19% in 2006, 9.5% in 2007 and no less than 65% this year. The hiking iron ore price drives steel price and the prices of a series of steel products, resulting more inflation pressure.