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When we first predicted the overheating of the Chinese economy early last year, we could hardly find a word about it. Nonetheless, it was clear to us that no economy grows at 10-percent per quarter normally – year-in and year-out – without some very strong monetary stimulation. Now the mainstream press, not to mention the Chinese authorities (and of course the market itself), has caught up – and with considerable energy. The reality of the surging economy has investors spooked and even the