Editorial: Over-Optimism Mustn’t Derail China’s Reform Push as Economy Warms Up

There are diverging forecasts on China’s economic outlook. Those with a rosier view believe the economy is very close to bottoming out and growth is likely to pick up steam next year. The International Monetary Fund (IMF) has raised China’s 2017 growth forecast four times this year, supporting the sanguine sentiments. But positive expectations have also triggered speculation on policy tightening, which has rocked bond and futures markets recently.