China’s economy is overheating as asset bubbles and inflation pressures build, posing a “major risk” to global growth, the World Economic Forum said.(…)
China’s property prices rose at the fastest pace in 18 months in December, highlighting the government’s struggle to rein in speculation while maintaining economic growth, data showed today. The nation’s authorities this week raised the proportion of deposits that banks must set aside as reserves in a bid to cool the economy.
“The Chinese economy is in the process of overheating,” Hofmann said. “The result of the monetary stimulus was a credit expansion of 30 percent in a year alone,” and “large cities like Shanghai and Beijing saw houses price increase more than 60 percent in 2009 alone.”
Ainda a propósito da China e de políticas keynesianas, leiam este post de Mario Rizzo acerca das críticas de Paul Krugman à política cambial chinesa.