I find that the astonishing growth rate of China is now creating trouble for the Chinese.

China's foreign reserves have increased dramatically in the last fiscal year. The world's largest forex reserves hit $875.1 billion by the end of march 2006. This situation has been associated with the overheating of various segments of the Chinese economy.
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“China's central bank is seeking to cool down overheating economic sectors such as real estate as well as cut massive foreign exchange reserves,” a top government official revealed.

The concern about overheating comes after the economy expanded by faster-than-expected growth rate of 10.2 per cent in the first quarter, over the same period the previous year, after posting a growth rate of 9.9 per cent for all of 2005.

The results have been truly terrifying. For example, if you are an average-salaried Chinese, you can't even hope to have your own house given the spiraling property prices. In fact, the problem of overcapacity in almost all the major sectors has gripped the Chinese economy.

I think that the other countries should learn from the Chinese and try to avoid such a situation.