China steps in to curb inflation
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China's cabinet says it will temporarily intervene in the market to curb rampant food and fuel price rises.
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China's economy picks up pace, stoking fears it may be overheating and driving the rate of inflation.
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China&#39;s government said it would continue measures to slow economic growth and reaffirmed its commitment to a stable yuan policy as the nation&#39;s leaders wrapped up their annual meeting in Beijing.
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China's economic growth is expected to slow slightly next year to a still robust 10.9 percent, with inflation at 4.5 percent, the central bank's research bureau said in a forecast reported Friday by a government newspaper.
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The time is right for China to end its currency&#39;s peg to the US dollar and it should do so in the interest of curbing domestic inflation and bolstering the global economy, the International Monetary Fund said.
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Chinese consumer inflation rose in  February on the back of higher food costs, but economists said  they did not expect price pressures to get out of hand despite  breakneck growth and plentiful cash in the banking system.
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Surging oil prices could moderate China's economy this year as rising costs push inflation higher, hitting corporate profits and consumer pocket books, analysts and state press said.
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Chinese inflation rose in February on  the back of higher food costs, but economists said they did not  expect price pressures to get out of hand despite breakneck  growth and plentiful cash in the banking system.
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China's consumer inflation slowed in January, according to official figures show.
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China's decision was its boldest so far aimed at guiding a heated economy onto a path of slower growth.
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China increases its interest rates for the first time since 1995, a move widely seen as a further attempt to prevent its economy from over-heating.
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China reported its lowest rise in inflation in nine months on Friday as growth in grain and food prices moderated, easing pressure on the central bank to raise interest rates.
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BEIJING -- China&#39;s inflation rate slowed sharply in November, kept in check by lower price rises for food as government efforts to curb the economy began to bite, official data showed Friday.
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China's annual inflation rate dropped  sharply in November, providing further evidence that steps to  cool the economy are working and reducing the chances in the  near term of a fresh rise in interest rates.
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Growth in China&#39;s economy is expected to expand at a rapid rate in 2007, with inflation ticking higher to 3.2 percent, state media reported Friday, citing the central bank.
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China raised interest rates on Friday  in the latest of a series of tightening steps aimed at keeping  inflation in check and preventing the world&#39;s fourth-largest  economy from overheating.
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China's annual inflation rate dropped  sharply in November, heartening policy makers who have been  striving to cool the economy and reducing chances of a further  rise in interest rates in the near term.