China's Economy Is Surging 7% but Everyone Thinks That's Too Slow

Most countries would be thrilled to have such a robust economy. And if the U.S. economy were expanding at anywhere near that level -- its GDP grew just 2.4% last year -- the Federal Reserve would already be raising interest rates.

China's crackdown on risky lending raises economic growth fears

China's economic growth could drop below 7% this year after government documents revealed plans for a crackdown on risky lending.