Friday, April 15, 2011

Chinese Inflation Continues to Rise

Chinese Economy Grows 9.7%,

Inflation rises 5.4%

April-15-2011--BEIJING:

China's economy grew a more-than-estimated 9.7% in the first quarter and inflation accelerated in March

to the fastest pace since 2008, adding pressure for more monetary tightening.

China may boost reserve requirements for lenders for the fourth time this year

to drain cash from the fastest-growing major economy,

Video: Chinese inflation continues to rise

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