Yahoo! News – China Seeks Balanced Development Strategy: “Regulators are tightening credit, warning that steel producers and other Chinese industries are growing too fast, creating a risk of glutted markets, idled factories and financial problems. Rapid growth is also causing fuel shortages and pushing up prices of some goods.
China accounted for 4 percent of the world’s economic activity last year but consumed almost one-third of all the coal used worldwide. It also used up 27 percent of all steel, 25 percent of all aluminum and 40 percent of all cement. “