China’s Just Too Hot

This is an editorial article in LA Times today: “China’s struggle to slow — without crashing — its overheated economy is of vital interest well beyond the Great Wall. The economic boom is evident in the hundreds of construction cranes towering over Shanghai and in commodity prices worldwide that have been driven higher by China’s appetite for imported oil, steel and cement. China’s eye-popping feat of doubling exports in recent years is evident in the millions of jobs being created there, as well as the flood of cheap but attractive goods filling ships that jam the ports of Los Angeles and Long Beach. ”

The full article is here.

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