More measures expected to cool China’s sizzling economy

A ROW of high-rise resort hotels and luxury apartment blocks stretching 18km along the south coast of Hainan Island illustrates just a small part of a very big problem for China. 

In less than two years, what was once a sandy waste land on the outskirts of Sanya city has been transformed – with buildings seemingly springing up by the day – into what the authorities like to call “the Hawaii of China,” a playground capable of accommodating literally millions of holidaymakers a year.