Tag: Economic growth rates

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China Inflation, Factory Output Exceed Forecasts, Add Tightening Pressure

The Chinese government has set a target of 4% inflation for this year. Statistics from February, though, reveal that inflation has already exceeded this target.  From Bloomberg News: Consumer prices rose at an annual 4.9 percent pace in February and output increased 14 percent in the first two months of 2011, the statistics bureau said in Beijing. Producer prices jumped 7.2 percent last month, the