China economy booms as inflation soars

inflation-road-sign

On Friday, the National Bureau of Statistics (NBS) of China announced that in the first quarter of this year, China's economy leapt 9.7%, compared with the same period last year.

Inflation in China has also accelerated to the fastest rate since 2008, despite repeated interest rate rises.

Consumer prices went up by 5.4% in March, compared with 2010. In February, the annual figure was 4.9%.

The government has been taking steps to try to decrease property and food prices, yet the figures speak for

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: