Chinese economy expanded in March amid high inflation
15 Apr 2011
China's economy continued to expand in March with inflation accelerating to the fastest rate since 2008.
Growth registered a brisk 9.7 per cent between January and March that was more than expected from the same period a year earlier, according to the National Bureau of Statistics.
Consumer prices were up 5.4 per cent in March as against a year earlier and in February, the annual figure stood at 4.9 per cent.
The government has been taking measures to keep property and food prices within control.
Chinese inflation has been accelerating despite four interest rate rises since October.
According to analysts, the figures were higher than expected by the market, especially the CPI (consumer price index), which meant the inflationary pressure was really big.
.webp)
