Tag: GDP growth

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Chinese Economy Grows 9.7%, Inflation Rises 5.4%

China’s economic growth and rate of inflation for the first quarter of 2011 were both higher than projected, at 9.7% and 5.4% respectively. From Economic Times: The first quarter and inflation accelerated in March to the fastest pace since 2008, adding pressure for more monetary tightening. Consumer prices rose 5.4% from a year earlier, the statistics bureau said at a briefing in Beijing on Friday.