China Overheating Risk Resurfaces, Ex-PBOC Adviser Says

China’s economic risks have shifted back to growing too quickly as new regional-government officials try to boost development, a former central bank adviser said.

“The new problem is how to prevent overheating,” which would stoke inflation and asset bubbles while pushing the government to enact controls, Fan Gang, a People’s Bank of China academic adviser from 2006 to 2010, said yesterday in an interview in Davos, Switzerland, where he is attending the World Economic Forum. “That kind of complication has come back again.”