China’s recovering economy needs to cool down to manage overheating risks

Sometimes you can get too much of a good thing. In China’s case, it might be time to step off the policy gas. Beijing has done a great job fighting off the Covid-19 crisis and steering the economy towards what is turning out to be a pretty impressive recovery.Growth is revving back, exports are booming and economic confidence is building good forward momentum. Sustainability is the key but there will come a time when Beijing must consider whether all of the extra monetary and fiscal stimulus…

Read the original article at South China Morning Post