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However, even as the government promotes growth as a national priority, it worries about going too far. Inflation has recently climbed back into double digits,and the press is issuing strident warnings, urging restraint on buyers and sellers alike. Rapid development is overwhelming China's antique transport networks.
Energy brownouts are a regular occurrence in Guangdong and Shanghai. Now Beijing has cut this year's growth target from 10 to 5 percent,in an effort to keep the economy from careering out of control just as it was cut back in 1989 and 1990 when it overheated. "We need a smooth transition into another system，'‘ says the head of a research institute in Shanghai. "But no one in the world has a design we can use, so we just have to experiment. ” Even 5 percent growth a year doubles an economy in 10 years,China9 s “new man” may well find himself astride one of the world9 s largest economies in the 21st century. And the rest of the world will look foolish if it lets itself be caught by surprise.
The government is persuading buyers and sellers to restrain themselves in their behavior.