China: Fire breathing dragon’s flame out?

China's Tiny Rate Hikes Are Just Like Greenspan's Moves Before The Housing Bubble Burst

China hopes to dampen inflation with another quarter point hike. Can China's strategy of baby-step rate hikes work given credit is expanding at 35% a year with GDP rising less than a third of that?

Please consider China hikes interest rates again to damp inflation

Read more: http://www.businessinsider.com/china-rate-hike-housing-bubble-2012-2#ixzz1DQnrmlvQ