Great news! China’s economy not overheating!

Straight from the horse’s mouth:

China may be the fastest- growing economy in East Asia but it is not in danger of overheating, said the country’s top government economist.

Key economic indicators such as retail sales, fixed asset investment and real estate investment figures will likely grow far slower this year than they did 10 years ago, when China’s economy last overheated and grew 13.5 per cent, said National Bureau of Statistics commissioner Li Deshui.

Well, if China’s statistics wizard says it, it’s okay by me. We all know their track record with statistics. I’ll sleep a little more soundly tonight.

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