ohh China

Taipei Times - archives

Having earned praise for keeping its economy chugging along at an impressive rate, China is now cause for concern because its economy may overheat.

The Chinese government seems concerned, too, having taken some steps to tighten the free flow of credit, including raising interest rates and banks’ reserve ratio.

However, the situation appears to have raced ahead of the policymakers, creating a serious danger of inflationary pressures.
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