China’s Recovery Keeps Focus on Interest Rates and Currency

The New York Times reports:

China’s accelerating economic recovery without signs yet of a surge in inflation may give the government some leeway in making two crucial decisions: raising interest rates and revaluing the Chinese currency.

But the government cautioned that risks remained, like high unemployment and booming real estate prices.

China’s gross domestic product jumped 11.9 percent in the first quarter, the government said Thursday. That growth rate, the highest in three years, not only surpassed most economists’ forecasts but it also handily beat the 10.7 percent expansion recorded for the final quarter of 2009.

China’s National Bureau of Statistics also reported that the consumer price index rose 2.4 percent in March from a year earlier and that the producer price index was up 5.2 percent. Those figures were generally in line with analysts’ expectations.

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.