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Along with several delegates from the Iowa Soybean Association and Iowa Agribusiness Radio Network reporter Ken Root, Iowa Ag Secretary Bill Northey is visiting China as part of a trade mission to continue building relationships in that market. At least in the city where he is, Northey says he’s impressed by the economic development taking place.
In spite of positive developments, prolonged economic growth can bring about inflation. Couple that with high domestic production to capitalize on new dollars and a country can go into recession. When that happens, the economy is said to be “overheating.” Is that what’s happening to China?
