China curbs its boom with fine tuning and supply bottlenecks

Ted Plafker wrote this OP-ED piece on the International Herald Tribune today: "For those who manage China's economy, or for those who simply bet on it, understanding what is going on can be just as hard as figuring out what to do next.

Over the past year, Chinese policy makers have focused on heading off what they saw as a dangerous bout of overheating. With bank lending, fixed asset investment and other indicators all running hot, Beijing in late 2003 began to phase in a variety of controls and tightening measures."

The full article is here.

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