From BusinessWeek:
The mainland’s GDP has surged beyond forecasts. What’s at stake if its economy doesn’t slow? From investment curbs to crisis, here’s a handy guide
Global inflation fears, Middle East war jitters, and oil prices hovering at $76 per barrel”hey, there is no shortage of worries right now on the minds of global investors. And here’s one more: What if China’s white hot economy overheats and then goes kaboom? After all, first-quarter growth came in at a torrid 10.3%. Then, on July 18, the Chinese government reported that second quarter gross domestic product actually accelerated even more to a mind-boggling 11.3% year-on-year pace. That blew away market expectations and is the fastest clip in more than a decade.[Full Text]
