rcent. This presents the threat of
             the economy overheating and the risk that companies, fuelled by the mirage
             of growth and cheap current interest rates, create capacities exceeding
             In an effort to prevent overheating, the Chinese government is taking
             measures to discourage banks from lending to companies in potentially over-
             invested sectors (Yahoo Finance, 2004). The government now has stricter
             rules governing lending to property developers, aluminum makers and other
             China's debate about overheating has not been a major issue in the West,
             but the issue could be a key challenge for the global economy (Ignatius,
             2004). The Chinese locomotive has been pulling Japan and other Asian
             nations into recovery. If China suddenly dropped, the global economy would
             China's leaders seem to understand that the world economy is depending on
             them to get economic policy right (Ignatius, 2004). "Neighboring countries
             are dependent on us," Li said. "If we have a hard landing, they will be
             The increasing dependence of the world economy o
             ...