Notably, iron ore imports, a key measure of raw material demand in China, rose 8.2 percent as compared to a year ago, which is a strong increase and bullish for the economy. In addition, China reported fixed asset investment, retail sales, and inflation data Sunday, all of which further the bottoming thesis that many economists have held for some months now. Watch the iShares FTSE/Xinhua China 25 ETF (NYSE: FXI ) and the price of copper as key market indicators of the health of the Chinese economy as well as the AUD/USD exchange rate.