Chinese Growth Shows Little Restraint, Rising 11.1% in Quarter – David Barboza

From the New York Times:

20Yuan.600Roughly a dozen interest rate increases and other moves to tighten money and lending over the last three years have failed to tame growth in China, the world’s fastest-growing major economy.

Fueled by soaring exports and huge investments in infrastructure, factories and energy supplies, China could soon overtake Germany to become the world’s third-largest economy, behind those of the United States and Japan. [Full text]

April 20, 2007 12:51 PM
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Categories: Economy